Stock of the Week: Royal Mail

Shares in the letters and parcels company have soared since last year, and the stock has just re-entered the FTSE 100 for the first time since December 2018

James Gard 4 June, 2021 | 9:11AM
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Stock of the week post-it

Our latest stock of the week poll asked our Twitter followers to choose between candidates set for promotion (or demotion) to and from the FTSE 100 in the latest quarterly reshuffle, which comes into effect at the end of June. Letters and parcels group Royal Mail (RMG) was the clear favourite in the poll, ahead of UK broadcaster ITV (ITV).

ITV was announced on June 2 as the newest member of the blue-chip index, replacing engineering firm Renishaw (RSW), but Royal Mail had already entered the FTSE 100 on May 28 after the listing of RSA Insurance was deleted following its takeover by Denmark’s Tryg and Canada’s Intact Financial.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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James Gard  is content editor for Morningstar.co.uk

 

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