Author: News Desk

GKN Aerospace owner Melrose holds outlook despite supply chain challenges Melrose Industries said it is on track to hit looming profit targets despite the industry-wide supply chain challenges plaguing the aerospace sector. The Birmingham-based manufacturer said this morning it expects adjusted operating profit of between £550m and £570m this year and £700m in 2025. In an update to markets, Melrose flagged a seven per cent year-on-year rise in revenue, driven by a 17 per cent jump in its Engines division. Aerospace manufacturers, particularly the major planemaker’s Airbus and Boeing, have struggled to meet a significant ramp-up in post-Covid demand from…

UK inflation set to jump above target in headache for Rachel Reeves UK inflation is expected to have jumped above the Bank of England’s two per cent target in October, bolstering a cautious approach to cutting interest rates in the months ahead. A more gradual easing of monetary policy would be a headache for the new government, which has tried to reassure markets that last month’s big-spend Budget will boost economic growth without leading to runaway inflation. Economists forecast the consumer price index (CPI), due on Wednesday, to come in at 2.2 per cent for last month, up from 1.7 per cent…

Much of the UK news is dominated by the news Joe Biden has given Ukraine the go-ahead to use American weapons to attack Russia. It leaves many of the UK media speculating if the UK and France might soon follow suit.

England’s 5-0 victory over Ireland at Wembley last night is a huge talking point this morning as the Lee Carsely era has come to an end. The next England international camp will see new boss Thomas Tuchel at the helm. The last win ensures England returns to the top tier of the Nations League.

Ongoing reports on inheritance tax on UK farms, with many papers – online and in print – reporting on the planned protest outside Westminster on Tuesday.

Several publications report on the upcoming G20 summit as the UK prime minister is reportedly planning to meet with the Chinese president, leading to widespread backlash. Many have accused Keir Starmer of choosing the economy over human rights. The story will likely continue unfolding as the G20 summit starts.

A mix of sunshine and wintry showers today across northern Scotland. Otherwise, bright spells across northern and eastern areas, but rain in the south and west will gradually spread northeastwards, turning to snow over northern hills. Feeling cold for many. Tonight: Wet and windy across the south, with rain turning to sleet and snow across central areas. Clear spells developing further north, leading to a risk of icy patches.