U.K. stocks climbed after markets opened after a holiday, as a measure of U.S. consumer confidence advanced and orders for durable goods in the world’s largest economy unexpectedly increased.
InterContinental Hotels Group Plc, the world’s largest provider of hotel rooms, reported a 5.4 percent increase in first-quarter earnings, helped by increased revenue per room in China and the U.S.
Marriott International Inc., the world’s second-largest publicly traded hotel chain, said expansion into new Africa markets and a global economic recovery may boost revenue by as much as 10 percent this year.
European stocks rose for a fifth day, extending their highest level since January 2008, as data in the U.S. showed durable-goods orders unexpectedly increased.
U.K. stocks slipped, after the FTSE 100 Index posted its largest weekly gain in seven weeks, as lower-than-forecast euro-area manufacturing data outweighed rising mining companies.