UPDATE 1-UK engineer GKN sees challenging 2003

Newswire

(Adds details, background, shares) LONDON, Nov 25 (Reuters) - British automotive and aerospace engineer GKN Plc said on Monday it expected 2003 to be a challenging year, with the outlook for its major markets uncertain. Its shares were down 3.77 percent at 217.07 pence as of 0830 GMT in a slightly higher London market. The firm, which generates around 70 percent of its turnover from selling parts to car-makers, said in a statement it had based its forecasts for 2003 on assumptions that ...

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