Stock Market

LONDON (Reuters) – InterContinental Hotel Group , the world’s top hotelier, said revenue per available room in the Americas region was boosted by the ongoing relaunch of its Holiday Inn hotels and the return of business travellers.

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TOKYO (Reuters) – Japan’s Marubeni Corp said on Monday it has agreed to pay $650 million (413 million pounds) for the stakes held by a unit of BP in four oil and gas wells in the U.S. Gulf of Mexico, as the oil company looks to offload assets in the wake of a massive oil spill in the region.

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PARIS (Reuters) – Shares in luxury goods makers Hermes and LVMH rose sharply on Monday after LVMH revealed it had built up a 17.1 percent holding in its smaller rival and said it was not planning a takeover.

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Demand for resource stocks keeps London’s benchmark index on track to reclaim its high point for 2010, reached in April, as traders are encouraged to take risk after the weekend’s G20 meeting

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LONDON (Reuters) – Publishing group Pearson raised its full-year outlook again on Monday, saying it now expected adjusted earnings per share to be up 10 percent due to growth in its U.S. College and Financial Times units.

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LONDON (Reuters) – McBride Plc, Europe’s biggest maker of retailer own-brand cleaning products, said plans were afoot to help it recover increases in the cost of raw materials and that growth would continue in its core areas.

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LONDON (Reuters) – The FTSE 100 index is seen rising sharply on Monday, with heavyweight miners likely to be buoyed by a softer dollar after the Group of 20 major economies agreed to avoid competitive currency devaluations.

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LONDON (Reuters) – The Cooperative Group could offload its life insurance arm as it reorganises its financial services division following last year’s merger with Britannia, a source familiar with the situation said on Sunday.

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SYDNEY/SINGAPORE (Reuters) – Singapore Exchange (SGX) unveiled an agreed A$8.4 billion (5.3 billion pound) takeover offer for Sydney-based ASX Ltd on Monday to create the fifth-largest listed exchange in the world.

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SYDNEY (Reuters) – BlackRock Inc , the world’s largest money manager, is overweight copper and also favours iron ore, the firm’s resources-division chief Evy Hambro said on Monday, citing a strong underlying Chinese commodity consumption undented by steps to curb growth.

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