Royal Mail Group (RMG) is a British postal service and courier company privatized in 2013. Its shares are listed on the London Stock Exchange (LSE) under the ticker symbol RMG. With a general downward trend since its IPO, the Royal Mail share price has been subject to significant fluctuations. Here is an overview of its share price history:
- The Royal Mail IPO took place on October 11, 2013, at a share price of 330p. The shares surged to a high of 632p on their first trading day.
- The share price reached its all-time high of 631.00p in January 2014.
- Since then, the share price has experienced significant volatility, with periods of sharp declines and brief recoveries.
- In early 2020, the COVID-19 pandemic caused a significant drop in Royal Mail’s share price, with shares hitting a low of around 130p in April.
In the last year (as of February 2023), the Royal Mail share price has traded between a low of around 325p and a high of around 600p. In November 2021, Royal Mail reported its half-year results for September 2021. The company’s revenue increased by 11.7% compared to the same period the previous year, and its operating profit improved from a loss to a positive result. This positive news caused the share price to rise.
However, in January 2022, Royal Mail issued a profit warning due to ongoing labor disputes and the impact of inflation on its costs. The share price fell sharply in response to this news. In February 2022, Royal Mail announced that it had reached a new pay deal with its workers, ending the long-running dispute. This news helped to stabilize the share price.
Royal Mail’s share price has continued to be volatile and fluctuated based on various factors, including economic conditions, industry trends, and the company’s performance.
RMG Competitors
Royal Mail Group (RMG) operates in the highly competitive postal and courier industry. Here are some of the main competitors of RMG in the UK:
- DHL. DHL is a global logistics and courier company that provides international and domestic delivery services.
- FedEx. FedEx is a US-based courier company that operates globally and provides various delivery services, including express and ground shipping.
- UPS. UPS is a US-based courier company that operates globally and provides various delivery services, including ground and air shipping.
- Hermes. Hermes is a UK-based courier company specializing in home delivery services and operates a network of self-employed couriers.
- Amazon Logistics. Amazon Logistics is a delivery service offered by the e-commerce giant Amazon, which provides same-day and next-day delivery for Amazon orders.
- Yodel. Yodel is a UK-based courier company that provides various delivery services, including home delivery and collection.
These companies compete with Royal Mail for market share in the postal and courier industry in the UK. Other factors that may impact RMG’s competitive position include technological innovation, changes in consumer behavior, and regulatory developments.
Royal Mail Group Changes Its Name
Royal Mail Group changed its name to Royal Mail PLC in 2019. The name change was part of a broader rebranding effort by the company to better align its brand and visual identity with its strategic priorities and modernize its image.
While the company’s legal name is now Royal Mail PLC, it continues to operate under the Royal Mail brand for its mail delivery and postal services. Shareholders approved the name change at the company’s Annual General Meeting in 2019, and the company’s shares continue to trade on the London Stock Exchange under the ticker symbol RMG.
