Canary Wharf reveals takeover approaches

Shares in battered British property group Canary Wharf soared 51% today after the company revealed it had received a series of takeover approaches.

The London Docklands property group, whose assets include the Canary Wharf tower – the UK’s tallest building – said in a short statement that it had been approached by “a number of parties” in relation to a possible offer for the company.