The race is on to snap up hotel stocks in London this morning, as news of Blackstone's $26bn deal to buy Hilton in the US filters through.
The FTSE 100 is up 7.90 points, or 0.12%, to 6647.7 in early trading.
InterContinental Hotels has made strong morning moves; it is up 66 points, or 5.25%, to 1324.
Not too far behind is Whitbread, up 81 points, or 4.62%, to 1834.
Home Retail, the UK’s leading home and general retailer, has lost the most ground so far – down 5.25 points, or 1.12%, to 464.5.
Wall Street enjoyed good gains on a shortened day due to tomorrow’s Independence Day holiday.
The Dow Jones was again boosted by mergers and acquisitions news, climbing 41.87 points, or 0.31%, to 13577.3.
Computer companies had the day’s largest gains; IBM was up 1.57 points, or 1.50%, to 106.58 – while chip makers Intel climbed 0.32 points, or 1.32%, to 25.79.
Caterpillar struggled after a UBS downgrading, the heavy-machinery giant fell 2.46 points, or 3.06%, to 77.99.
In Tokyo, the Nikkei made it five winning sessions in a row, with technology stocks sharing gains made by those in New York.
The index closed Wednesday up 18.82 points, or 0.1%, to 18,168.72.
Fuji Heavy Industries was the highest mover, the makers of Subaru was up 22 points, or 3.7%, to 616.
Japanese telecommunications and internet giant Softbank also had a strong day, up 100 points, or 3.64%, to 2,845.
Fast Retailing lost the most ground, falling 380 points, or 4.26%, 8,530.
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