http://www.cityam.com/281089/royal-mail ... letter-day
Royal Mail has added almost £2bn to its market value in the last four months, putting it on the cusp of a stunning return to the FTSE 100.
The postal giant was the UK's 88th largest listed firm at the start of this week. Since 1 November shareholders have been rewarded with a 50 per cent increase in the value of their stock.
Analysts from Cantor Fitzgerald said Royal Mail's market capitalisation would need to fall by around £260m for it to fall out of contention.
The firm was booted out of Britain's blue chip index last August after the threat of industrial action sent its shares to all-time lows. However, positive noises from talks ended with a pay and pension deal being struck earlier this year – prompting investors to flock back to the 502-year-old firm.
FTSE Russell officials will kick off the process of rejigging indices on Friday evening with the market caps at the end of business on 27 February being used in the final calculation.