Stay-at-home shopping delivers for Royal Mail | Business

Thanks to the pandemic-induced boom in online shopping, the world’s largest postal groups have undoubtedly had a good time of it over the past 18 months.

For Royal Mail, the FTSE 100 postal giant, investors reckon the good times will continue. Shares in the company rose yesterday on the back of impressive results posted by its peers in the US and Germany.

On Monday, United Parcel Service reported better-than-expected quarterly revenues thanks to strong online demand. The Atlanta-based company posted a 7.4 per cent rise in revenue to $23.18 billion.

It was a similar tale for Deutsche Post, the German logistics and shipping giant, which raised its 2021 guidance for the sixth time earlier this month as parcel shipments showed no signs of slowing down.