Thursday newspaper round-up: Car production, broadband providers, Monarch

Car production increased last month as rising exports made up for falling demand in the UK, new figures reveal. Just over 157,000 cars rolled off production lines in October, 3.5% more than the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). – Guardian

Broadband providers will only be allowed to advertise the average speed of their service rather than a top speed only available to a handful of households after a dramatic shake-up of the rules by the advertising regulator. The crackdown on misleading claims means companies can only advertise download speeds that are available to at least 50% of customers at peak time. At present broadband providers can promote an “up to” speed that is available to at least 10% of customers. – Guardian

Furniture retailer Multiyork has collapsed into administration, putting almost 550 UK jobs at risk. Administrators Duff & Phelps, which also handled BHS’s insolvency, has begun the search for a buyer, though declined to comment on whether they were also considering selling off parts of the business. – Telegraph

Employment levels in the UK have beaten the expectations of the Office for Budget Responsibility, with important implications for the state of the country’s public finances. The OBR has reduced its forecast for unemployment over the next five years, after finding that it was better than it had projected in March, at 4.3pc – representing the lowest rate since 1975. – Telegraph

The former owner of the failed holiday company Monarch Airlines is about to receive a £60 million windfall after the Court of Appeal ruled that administrators have the right to sell its airport take-off and landing slots. The ruling could allow former owner Greybull Capital to release cash from the failed business to help with the £60 million bill for repatriating tens of thousands of Monarch passengers after the company ceased trading in October. – The Times

Britain’s mobile phone carriers are in line for a refund from the Treasury, potentially worth more than £100 million, after a court upheld an appeal against a steep rise in the fees they are charged to use the available airwaves. The Court of Appeal ruling yesterday follows complaints, led by EE, part of BT, about an increase introduced by Ofcom, the industry watchdog, in 2015 in the amount that it, and its competitors Three, O2and Vodafone, must pay in annual licence fees for renting mobile phone spectrum. – The Times