Corrected from 6:28 a.m. with U.K. unemployment information.
LONDON ( The Deal) -- European stocks fell Wednesday amid a string of disappointing earnings and grim economic news from the U.K.
In London, the FTSE 100 was down 0.11% at 6,619.95, while in Frankfurt the DAX retreated 0.62% to 9,310.97. In Paris, the CAC 40 shed 0.62% to 9,310.97.
Watch the video below for a closer look at how European markets are doing in midday trading Wednesday:Must Read: 10 Stocks Billionaire John Paulson Loves in 2014
Investors were in the mood to sell after the Bank of England cut its growth forecasts for 2015 and 2016 and warned that inflation could sink below 1% in coming months. A separate report from the Office of National Statistics showed the U.K. unemployment rate at 6% in the third quarter, unchanged from the previous quarter.
In London, FlyBE lost 16.63% to 110.50 pence after the airline said its after-tax loss widened to 15.4 million pounds ($24.5 million) in the six months ended Sept. 30 from 13.6 million pounds a year earlier as expenses related to flight delays and restructuring impacted on earnings.
FlyBE also said it would sell its 60% stake in its loss-making joint venture with Finland's Finnair to Finnair for a symbolic 1 euro in a transaction it expects to complete by Jan. 1, 2015.
Barclays (BCS) was down 1.45% at 231.20 pence after the bank delayed reaching a settlement with regulators probing a global currency-rigging investigation. Regulators in the U.K., the U.S. and Switzerland announced a combined $3.2 billion in fines against five other lenders including UBS (UBS) and the Royal Bank of Scotland (RBS) .