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 ha...
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