Home / Royal Mail / CBI pressure mounts; Royal Mail CWU talks breakdown; Tesla bestselling UK car; FTSE 100 closes higher; Gold’s new high

CBI pressure mounts; Royal Mail CWU talks breakdown; Tesla bestselling UK car; FTSE 100 closes higher; Gold’s new high

1. BoE Governor pulls out of flagship dinner as pressure mounts on CBI

Leading companies, including Rolls-Royce Holdings PLC (LSE:RR.) are also reviewing their membership after the Guardian revealed multiple claims of sexual misconduct by CBI staff.

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2. Royal Mail pay talks with CWU break down without agreement

The two sides have been negotiating for 11 months over pay, jobs and conditions for the 112,000-strong workforce, which led to 18 days of strikes in 2022 and 2023.

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3. Tesla tops UK car bestsellers after cutting prices

Some 8,123 new Model Ys were registered in the UK in March, according to the industry’s latest figures, which saw the EV race past Nissan’s Juke and Qashqai petrol and hybrid models.

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4. FTSE 100 closes in the green despite generally weaker day for equities

At the close, the UK’s blue-chip index had gained 0.4% to finish at 7,663 points.

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5. Gold at new highs, what’s next?

At the time of writing, gold is at an all-time high of US$2,023 per ounce, a level that was surely only a twinkle in a modern monetary theorist’s eye just a few pre-pandemic years ago, and which must look like the miracle of the immaculate conception to anyone who remembers the pre-Nixon gold standard era.

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