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, Japa...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
