Wednesday, July 4, 2007

FTSE up as M&A boosts hotels, properties; BoE eyed

(Reuters) - Britain's top share index inched higher early on Wednesday ahead of an expected interest rate rise by the Bank of England this week, with hotel groups up after Blackstone agreed to buy Hilton Hotels.

At 0727 GMT, the FTSE 100 was up 17.5 points, or 0.26 percent at 6,657.3, even though the pound had hit a 26-year high against the dollar. European shares also rose.


Read more at Reuters Africa

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