Adele, PJ Harvey favourites for Mercury Prize 2011 win

Adele and PJ Harvey have been named as the favourites for this year's Mercury Prize.

The 12 nominations for the 2011 'Album of the Year' award were revealed by Lauren Laverne in London earlier today.

Adele's 21 and PJ Harvey's Let England Shake have each been given 4/1 odds of claiming the prestigious accolade come September 6, William Hill has announced.

Elbow's Build A Rocket Boys! and Tinie Tempah's Disc-Overy closely follow the pair at 5/1, while Ana Calvi and Katy B sit just behind at 6/1.

Meanwhile, Metronomy, Everything Everything and James Blake all sit with odds of 8/1, with betting outsiders Gwilym Simcock, Ghostpoet and King Creosote & Jon Hopkins each given odds of 10/1.

The awards will celebrate their 19th year in September and will be broadcast live on BBC Two.

Previous recipients of the award include Dizzee Rascal, Ms. Dynamite, Suede and The xx.

> Mercury Prize 2011: The nominees in profile

Watch Adele perform her new single 'Set Fire To The Rain' live below: