Royal Mail share price: Company commits to preserving UK’s post boxes

Royal Mail (LON:RMG) has pledged to preserve the “character and heritage” of Britain’s post boxes. According to a press release, published this morning, the postal services group has made the commitment in partnership with government agency Historic England.

Under the new policy, Royal Mail will manage, repair and conserve its network of post boxes in their existing locations. New measures will include the use of forensic tags, permanent metal marking and electronic tracking to discourage the theft and damage of boxes, the organisations said.
Among the 115,300 boxes Royal Mail is seeking to preserve are a select group of golden post boxes. There are 110 post boxes painted gold to honour Great Britain’s Olympic and Paralympic individual and team gold medal winners at the London 2012 Olympics.
Royal Mail’s chief operating officer, Sue Whalley, said: “The agreement will be adapted to reflect the individualities of post boxes across the UK, with equivalent policies with Historic Scotland, Historic Wales and Historic Northern Ireland. We believe this policy will help ensure the preservation of all post boxes for future generations.”
After declining in early trading today, Royal Mail’s share price gained some ground, hovering around its previous session’s closing level. As of 13:10 BST, the stock was changing hands at 517.00p – 0.39 percent down intraday. The FTSE 100-listed group has gained over 20 percent since the beginning of the year.
As of 13:53 BST, Wednesday, 15 July, Royal Mail share price is 517.00p.