* European stocks climb as oil, Brexit hopes boost market
* Adidas down on warning supply chain issues to crimp sales
* Inditex slides as pace of store closures surprises
* Sterling recoups some losses (Updates prices, adds quotes)By Julien Ponthus and Helen ReidLONDON, March 13 (Reuters) - European shares jumped onWednesday as investors bet British lawmakers would vote toreject a disorderly no-deal Brexit, but underwhelming resultsfrom Inditex and Adidas kept gains limited.The pan-European STOXX 600 index climbed to closeup 0.6 percent while London's FTSE 100 barely managed a0.1 percent gain as sterling extended gains. Lawmakers resoundingly voted against Prime Minister TheresaMay's amended Brexit deal late on Tuesday, forcing parliament todecide whether to back a no-deal Brexit or seek a last-minutedelay to the process. "I think the market can see that today parliament is goingto vote against no deal," said Duncan Weldon, cross assetallocation strategist at Legal & General Investment.But investors were far from exuberant."I think a lot of people who don't have to be invested inthe UK are sitting this one out for the moment", he added.
European stocks were boosted by a 1 percent jump in oilprices which drove the STOXX 600 oil & gas index up 1.6percent to its highest level in four months. Results from several companies disappointed, however.
Zara owner Inditex slid 4.5 percent after itpublished annual earnings slightly below analysts' expectations
and announced more store closures than expected. "This process of adjusting their store estate is surprisinginvestors and happening faster than people expected," saidAlistair Wittet, European equities portfolio manager at Comgest,which holds 11.19 million shares in Inditex and is the 13thbiggest investor according to Refinitiv data."That naturally weighs somewhat on sales growth in the shortterm, but I think is the right strategy long term," he added.Germany's Adidas lost 2.4 percent afterannouncing supply chain issues would hit its sales growth in thefirst half of 2019, particularly in North America. Wirecard was Europe's worst performer, falling 6.6percent after it suspended an accounting employee in Singaporeamid allegations of fraud and creative accounting. "The scope seems to be getting deeper and longer in timethan was originally thought," Neil Campling, head of telecoms,media and tech research at Mirabaud Securities' Global ThematicGroup, said of the allegations against the German payments firm.Austria's Verbund lost 6.5 percent after thehydropower specialist said full-year core profit fell as itproduced less electricity in a long dry summer period. One gainer after results was petroleum storage firm Rubis , up 4.1 percent after reporting a rise in full-yearrevenue. Shares in Norwegian Air dipped 1.5 percent after itsaid it would seek compensation from plane maker Boeing for lost revenue and extra costs after grounding its fleet of737 MAX 8 aircraft in the wake of the Ethiopian Airlines crash. (Reporting by Julien Ponthus, Josephine Mason, and Helen Reid;Editing by Alison Williams)