CNBC Utilities Page Wires

  • LONDON, Dec 12- At least 100 Conservative Party lawmakers have expressed support for Prime Minister Theresa May ahead of a confidence vote in her leadership later on Wednesday, based on public statements in the media and social media. May needs to secure a simple majority-- 158 of 315 lawmakers-- to remain leader. A secret ballot will be held between 1800 and 2000 GMT.

  • LAGOS, Dec 12- A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22. The dispute is over the transfer of $8.1 billion of funds which Nigeria's central bank said the company had sent abroad in breach of foreign-exchange regulations. Nigeria is MTN's biggest...

  • *9 month EBIT 3.1 billion euros, up 3 pct on year. MADRID, Dec 12- Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer's market value at one stage. The Spanish group, which also owns upmarket label Massimo Dutti and teen...

  • BUDAPEST, Dec 12- Warsaw led a rise of Central Europe's main stock indices on Wednesday as U.S. Warsaw's bluechip share index rose 0.8 percent by 0905 GMT, rebounding from a 2- week low reached in the previous session, led by PKO, Poland's biggest lender. Worries over Britain's European Union exit deal generally weighed on mood and trade interest in the region's...

  • *Trump says trade talks ongoing with China, could act on Huawei. *Asia, Europe stocks push higher. President Donald Trump sounded upbeat about a trade deal with China, while sterling rose off 20 month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership.

  • *Libyan supply disruption, OPEC cuts support prices. LONDON, Dec 12- Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC- led deal to trim output. Brent crude, the global benchmark, rose $1.07 to $61.27 by 0947 GMT.

  • *Supermarkets asked for extra 11 days to assess material. LONDON, Dec 12- Sainsbury's and Asda, the two British supermarkets that want to combine their businesses, have asked for a delay in the competition inquiry into their proposed 7.3 billion pound deal. They said they would lodge an application with the Competition Appeal Tribunal later on Wednesday for a...

  • *Has met Pernod CEO Alexandre Ricard. LONDON/ PARIS, Dec 12- Elliott Management has taken a stake in Pernod Ricard worth more than 930 million euros and will work with the family-backed French drinks company to try to improve its performance, the activist hedge fund said on Wednesday. Shares in the maker of Absolut vodka and Chivas Regal Scotch rose 3.8 percent by...

  • *Decision expected by Feb. 18. PARIS/ FRANKFURT, Dec 12- Alstom and Siemens have agreed to submit measures to the European Commission that would reduce their combined sales by more than half a billion euros in a bid to get their planned rail merger approved, showing they will budge, but not at any expense. Germany's Siemens and France's Alstom agreed last year to merge...

  • *Warns on profit for second time in less than 3 months. Dec 12- Superdry shares plunged more than a third on Wednesday after the British fashion chain warned on profits for the second time in less than three months, blaming unusually warm weather for hitting sales of winter jackets and sweaters. It said its underlying profit before tax could almost half to between...

  • LONDON, Dec 12- Sainsbury's and Asda, the two British supermarkets that want to combine their businesses, have asked for a delay in the competition inquiry into their proposed 7.3 billion pound deal. A deal between second-ranked Sainsbury's and the British arm of Walmart, the number three player, could see the combined group leapfrog Tesco as market leader and is...

  • GERMAN INVESTIGATION FINDS AIRBUS MECHANICS AT FAULT OVER DEADLY 2017 HELICOPTER CRASH IN MALI- SOURCE.

  • BERLIN, Dec 12- The fatal crash of a German armed forces helicopter in Mali last year was caused by the failure of mechanics from manufacturer Airbus to correctly set the aircraft's rotor controls after repairs, a defence official told Reuters on Wednesday. The Tiger helicopter had been deployed to support a peacekeeping mission in Mali's desert when it...

  • FTSE 100 up 0.4 pct; FTSE 250 up 0.1 pct. The FTSE 100 was up 0.4 percent at 0844 GMT, with HSBC, which makes a big chunk of its revenue abroad, the biggest contributor to the market's gains. Wood Group fell 6.2 percent to the bottom of the FTSE as its cautious outlook on contracts as its oil-producing clients struggle with volatile prices offset an upbeat earnings...

  • Dec 12- Hong Kong stocks rose on Wednesday as market participants forecast a slower pace of interest rate hikes in the U.S. and possible policy stimulus in China. ** "People are expecting policy announcements at the leadership's meeting this month," said Steven Leung, director of sales at brokerage UOB Kay Hian in Hong Kong, referring to the Central Economic Work...

  • LONDON, Dec 12- British trade minister Liam Fox and cabinet office minister David Lidington said they will support Prime Minister Theresa May in a vote of confidence taking place later on Wednesday. "I will support the Prime Minister ztheresatmay tonight," Fox, a prominent supporter of Brexit, said on Twitter. "This is a totally inappropriate time to have a contest.

  • LAGOS, Dec 12- A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22. The dispute is over the transfer of $8.1 billion of funds which Nigeria's central bank said the company had sent abroad in breach of foreign-exchange regulations. Nigeria is MTN's biggest...

  • LONDON, Dec 12- European shares opened higher on Wednesday and were set for a second day of gains as sentiment towards the Sino-US trade dispute lifted after U.S. The Euro zone STOXXE index was up 0.7 percent at 0829 GMT with most bourses across the continent in the black. Also in Britain, Dixons Carphone, the electricals and mobile phone retailer, lost close to 10...

  • SINGAPORE, Dec 12- Soybean crush margins in China dropped further this week and processors are now suffering their biggest losses in 18 months on dismal domestic demand for animal feed and higher supplies. Crushers in the country's eastern province of Shandong, the hub for soybean processing, are making a loss of 336 yuan a tonne as compared with a negative...

  • ZUBAIR OILFIELD, Iraq, Dec 12- Iraq has increased production at its southern Halfaya oilfield by 100,000 barrels per day to a total of 370,000 bpd, an oil official told Reuters on Wednesday. Iraq's oil ministry is studying offers submitted by several foreign energy companies for the Halfaya gas project, including China Petroleum Engineering& Construction...