During a volatile morning, European stock indices build on Tuesday’s slump, as investors await the Fed’s statement on monetary policy after markets close. Songbird Estates rises as its board reluctantly bows to a hostile $3.9 billion bid from Qatar Investment Authority and Brookfield which will give them ownership of Thatcher-era financial center Canary Wharf in East London. Commodities “disruption” becomes a theme of the session, with Anglo American warning of imminent writedowns, Australia’s Bradken losing a bid and OZ Minerals effectively inviting offers. Laura Board reports from The Deal’s London newsroom.
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