The 10 biggest business stories on Friday November 13

The UK Government has sold off £13bn of Northern Rock; Elisabeth Murdoch has been appointed a non-executive director of Jimmy Choo; Glencore shares slide in Hong Kong

Elisabeth Murdoch has been appointed a non-executive director of Jimmy Choo.

1. European GDP are to be released today at 10am. Economists are predicting growth of 1.7 per cent on last year's figure and 0.4 per cent on the second quarter.

2. The government has sold £13 billion of former Northern Rock mortgages that taxpayers acquired during the financial crisis, the BBC reports.

3. Watchmaker Fossil Group has agreed to acquire startup Misfit, a maker of wearable fitness trackers, for $260 million (£170.9 million), the Wall Street Journal reports.

4. Elisabeth Murdoch, formerly very senior at BSkyB, Fox Television and Nine Network, has been appointed a non-executive director of Jimmy Choo.

5. Consumer group Which? has called for a crack-down on ticket resale sites, arguing consumers face a "stitch-up". The group says it found examples of anti-consumer tactics, including tickets for sale before the official release date, and resale restrictions being ignored, the BBC reports.

6. Shares in troubled mining giant Glencore tumbled more than six per cent in morning trade in Hong Kong on Friday after a rout in London as a sell-off in metals shows no signs of abating.

7. HSBC board member Heidi Miller will take the chairmanship of HSBC North America at the end of 2015, as Rona Fairhead steps down, the bank announced on Friday. Paul Walsh and Henri de Castries have joined HSBC’s board as non-executive directors. Walsh is the former chief exec of drinks giant Diageo and de Castries heads up French insurer Axa.

8. Vodafone has announced further investments in India totalling £1.3 billion, the Treasury said, including £800 millio to upgrade network coverage.

9. Budget cuts at Condé Nast are under way, and Teen Vogue is the latest victim. Teen Vogue announced that it's combining its business side with Vogue. Its publisher, Jason Wagenheim, will be leaving and the magazine's sales and marketing teams will now report to Vogue's publisher, Susan Plagemann. The business move might be the first phase of major changes at the magazine.

10. As many as 15 million jobs are under threat of replacement by smart machines, the Bank of England’s chief economist has warned.