Philips likely to list lighting business on stock market

By Toby Sterling AMSTERDAM (Reuters) - Philips said it was likely to list its lighting division on the stock market, creating a standalone company that would be the world's largest maker of lights. Investors have been awaiting guidance since the plans to spin-off the lighting division - valued at around 5 billion euros by analysts - were unveiled almost two years. Philips shares were down 5.6 percent at 1036 GMT, despite the group's first-quarter profit beating analysts' estimates.