Royal Mail Plc – Heavy Lies the Crown

Tracing its roots back to 1516, Royal Mail (RM) is the incumbent postal service provider in the UK, offering letter and parcel delivery and international logistics services. After almost 500 years of public ownership, the British Government IPO-ed the business in 2013 and finally sold its remaining shares in October 2015. However, the company is yet to overcome the legacy of historical under-investment, over-regulation and likely under-management which affect its operations today1.