ALEX BRUMMER: Royal Mail in Jeremy Corbyn’s crosshairs

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ALEX BRUMMER: Royal Mail in Jeremy Corbyn’s crosshairs As Britain’s most recently privatised utility, the Royal Mail is very much in the sights of Jeremy Corbyn – with some of the group’s militant, unionised workforce among those favouring state ownership.

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As Britain’s most recently privatised utility, the Royal Mail is very much in the sights of Jeremy Corbyn – with some of the group’s militant, unionised workforce among those favouring state.

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Royal Mail shares crashed to a record low yesterday in a major blow to postal workers and savers with money tied up in the company. On another bleak day for the 503-year-old firm, the stock fell more than 13 per cent, to 260.8p, leaving it 59 per cent below last year’s peak of 631p, and 21 per cent below the 330p the shares listed at in 2013.