FTSE makes small gain after Hilton offer

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In the UK stocks have advanced in early trading moving the FTSE 100 up 5.1 points, or 0.1%, to 5270.3, as Hilton Group shares jumped after an undisclosed offer by Hilton Hotels.

Hilton Group, operator of the world's biggest chain of betting shops, has jumped 15% to 351p as it said it is considering an offer to buy its lodging unit. Reports suggest the purchase may be all cash and values the business at about £3.6bn. Tate & Lyle, which runs the world's biggest sugar refinery, is the biggest faller this morning as it slipped 3% to 455p. In Japan, the Nikkei 225 Stock Average lost 28.70 points, or 0.2%, to 13,420.54, paced by raw-materials suppliers including JFE Holdings after the price of oil slid and copper slumped. as demand from China declined. JFE, Japan's...

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