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MRM.COM : Royal Mail officially re-enters the FTSE 100

20 Mar 2018, 14:18

https://www.myroyalmail.com/news/2018/0 ... gins-today

Royal Mail has officially re-entered the FTSE 100 this morning.

Today marks our return to trading as part of the main index.

The FTSE 100 is the index of the 100 biggest companies on the London Stock Exchange's main market. Their size is measured by market capitalisation. This is calculated by multiplying the total number of shares in the company by the share price.

From a 52-week closing low of 370p on 1 November – also an all-time low since our Initial Public Offering – the shares closed at 564p on the FTSE cut-off date of 27 February, up more than 50%.

It is rare for a company to re-enter the FTSE 100 in just six months. The market has responded positively as the risk of industrial action has faded and the terms of our agreement in principle with CWU, subject to ballot, have become clear.

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