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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
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Latest Share Chat

Schroders Doubles Stake In Delivery Firm Royal Mail To 10%

Fri, 19th Jul 2019 16:26

(Alliance News) - Royal Mail PLC said Friday Schroders PLC doubled its stake in the letters and parcels delivery firm to 10% after a transaction on Thursday.

FTSE 100-listed investment manager Schroders held 101.1 million shares in FTSE 250-listed Royal Mail after the transaction, equivalent to 10% of the 1.00 billion shares outstanding. Prior to the transaction, Schroders held a 5.4% stake in Royal Mail.

Shares in Royal Mail were 2.5% higher at 221.40 pence in London on Friday.

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