Hotels sector boosted by Hilton deal

The £10bn (€14.9bn) takeover of hotels giant Hilton prompted investors in London to go on a shopping spree for other shares in the sector today.

In the largest ever buy-out in the industry, private equity giant Blackstone will pay around $20bn US (€14.7bn) for Hilton Hotels Corporation (HHC) – making it the world’s biggest hotels owner.