IT SEEMS that things are going from bad to worse for postal giant the Royal Mail.
Not only did Twitter upstage the British postal service last week, by announcing it was to float just hours after the Mail delivered the news that it was to go private. But now there is yet another reason for Postman Pat to have a red face.
Fund managers involved in privatising the firm have been deluged with heavy reports on the Royal Mail from the investment banks involved. But which company delivered the all-important tomes? The Capitalist hears that it was not the Royal Mail that was chosen to hand over the documents, but a courier company called CMS.