Innovative do: UK GDP Comes In Right In Line With Expectations

UK GDP Comes In Right In Line With Expectations

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UK GDP grew by 0.7% in Q3, which is right in line with expectations.

The figure is 3% higher compared to the same quarter last year, but weaker than the 0.9% growth recorded in Q2.

The service sector grew by 0.7%, industrial production increased by 0.5%, and construction increased by 0.8%.

Markets are down in Europe right now.

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At least 824,000 displaced by Ukraine conflict: UN

Ukrainian civilians board a special train for displaced people as they flee fighting in the eastern city of Svatovo, on August 12, 2014

Geneva (AFP) - The conflict in Ukraine has driven more than 824,000 people from their homes, the UN refugee agency said on Friday, warning that it was having to scramble aid to offset the impact of winter.

At least 430,000 people had been displaced within Ukraine as of Thursday, UNHCR said, 170,000 more than at the start of September.

"With the crisis in Ukraine entering its first winter, UNHCR is racing to help some of the most vulnerable displaced people cope with expected harsh winter conditions," the UN agency said.

"Ongoing fighting in the east, and the resulting breakdown of basic services, continues to drive more people from their homes," it added.

Around 95 percent of the displaced people are from conflict-torn eastern Ukraine.

UNHCR said that the need for humanitarian aid was greatest around Donetsk, Kharkiv, Kiev and in the Dnipropetrovsk and Zaporizhia regions.

In addition to those displaced within Ukraine, another 387,000 have fled to Russia, while 6,600 have applied for asylum in the European Union and 581 in Belarus, UNHCR said.

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BARCLAYS: These 25 Stocks Are Ready To Bounce Back From The Sell-Off

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Barclays thinks that investors have overblown the damage done to the eurozone's economy and that several sectors are ripe for a rebound.

On Friday, the bank named 25 European companies that are ripe for a resurgence if the outlook for Europe improves:

"We believe that European equity markets are discounting an outlook for the economy that is more pessimistic than warranted.

The European equity risk premium is now near the highs seen during the sovereign debt crisis and the financial crisis. Relative to credit markets too, European stocks are now more cheaply priced than any time in the last decade. Both measures suggest that equity investors are pricing in an adverse economic outcome in the euro area."

The bank has offered up a list of "fallen angels": 25 European stocks it argues have been "unfairly punished" during the last month's volatility and sell-off.

In particular, economists looked at companies that have declined in price since Sept. 19, 2014, — some by more than 10% — but which have also boosted their earnings forecast since then.

Here's the full list:

Barclays 25 stocks

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Albania to appeal UEFA punishment over Serbia fracas

$Albania to appeal UEFA punishment over Serbia fracas$

Serbia's Stefan Mitrovic grabs a flag featuring Albania's national symbol flown over the pitch by drone during the Euro 2016 qualifying match between Serbia and Albania in Belgrade on October 14, 2014

Tirana (AFP) - Albania's football federation will appeal UEFA's decision to award their aborted Euro 2016 qualification match to Serbia by a 3-0 scoreline.

The October 14 match in Belgrade had to be called off after home fans invaded the pitch and attacked Albania players when a drone carried a pro-Albanian flag over the stadium.

"The UEFA commission's decision does not give justice," blasted Albania coach Gianni De Biazi. "The three points belong to Albania and they've taken away from us what we've deserved."

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