Europe News London

  • The European Centre for Disease Prevention and Control which monitors disease in the European Union, said the outbreak was "significant but not entirely unexpected" given that the most efficient carriers of the disease, mosquitoes known as Aedes aegypti, have an established presence in Madeira.

  • Shares of JPMorgan Chase and Wells Fargo& Co. both fell after their results, even though JPMorgan posted record profits. Wells Fargo dropped 4 percent to $33.77 while JPMorgan was off 1.8 percent at $41.33.

  • NEW YORK, Oct 12- U.S. stocks were poised for modest gains at the open on Friday, in the wake of sterling results from JP Morgan and data showing inflation pressure remained in check. Investors remained concerned over the prospects for corporate profit growth, in light of the tepid economies in the U.S. and Europe.

  • LONDON, Oct 12- The UK arm of German utility RWE. on Friday became Britain's third energy supplier to raise power and gas prices from this winter, citing the cost of government schemes, transmission and higher wholesale prices. RWE npower customers will see electricity prices increase 9.1 percent and gas prices by 8.8 percent from Nov. 26.

  • LONDON, Oct 12- Environmental Recycling Technologies PLC:. *Reached agreement on terms of a debt restructuring and debt-for-equity. *Agreed to issue 225,241,928 new ordinary shares of 2.5 P each to third party.

  • LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.

  • LONDON, Oct 12- Russian businessman Boris Berezovsky will pay 35 million pounds towards the legal fees of Chelsea Football Club owner Roman Abramovich after failing in a $6 billion London court battle with his former protege, lawyers said.

  • LONDON, Oct 12- EDF Energy's 610- megawatt Heysham 1-1 nuclear unit went offline for an unplanned outage on Friday, the operator said.

  • NEW YORK, Oct 12- U.S. stock index futures advanced on Friday, indicating the S&P 500 may crimp its worst weekly decline since early June, following a robust earnings report from JP Morgan and ahead of data on consumer confidence and inflation. But Wells Fargo& Co lost 1.8 percent to $34.55 in premarket trading after reporting its third-quarter results.

  • London, Oct 12- Turkish imports of Iranian crude oil plummeted to around 100,000 barrels per day in September after spiking in August, data from Reuters AIS Live ship tracking and a shipping source showed.

  • LONDON, Oct 12- Smart grid and meter applications in Europe are having to compete with other services for radio frequencies, raising questions over grid stability and value for money.

  • By Luke Baker and John O'Donnell. BRUSSELS, Oct 12- Euro zone countries should consider clubbing together to borrow as well as paying into a central budget that could be used to help struggling countries, according to a report prepared by senior European officials ahead of a meeting of leaders.

  • *HSBC becomes "overweight" Spanish equities. Alcoa posted a quarterly loss and cut its outlook for global aluminum demand, citing a slowdown in China. "We are not expecting any great surprises from the earnings season, but feel that people are getting too pessimistic on the outlook for corporate earnings," Robert Parkes, equity strategist at HSBC Securities, said.

  • LONDON, Oct 12- Hilary Mantel could become the first woman to win the coveted Man Booker Prize for fiction twice with her historical novel "Bring Up the Bodies", the bookmakers' favourite alongside Will Self's "Umbrella".

  • LONDON, Oct 12- Balance sheet intensive trades and requirements for committed credit lines have seen many banks complain about the pressure exerted by the eurozone rescue set up, just as the European Stability Mechanism gets set for its first ever bond issue.

  • By Maytaal Angel and Clara Ferreira-Marques. LONDON, Oct 12- Mining firms, already cutting back after years of rising costs, could do more to tighten their belts and should use the proceeds to increase payouts to yield-hungry investors, BlackRock, the world's largest fund manager said on Friday.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • LONDON-- Upbeat earnings from JP Morgan Chase& Co. did little to lift the mood in markets Friday as stocks continued to shed some of the gains made the previous day, when U.S. jobs figures came in stronger than expected.

  • *JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline since early June, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.

  • *Investors consolidate; $1,760/ 50 seen as support level* U.S. producer prices rise in September* China, India demand falls By Clare Hutchison.