Snap news | FT Alphaville

Snap news

Breaking pre-market news on Wednesday,

— Kevin Rudd resigns as Aussie foreign minister, expected to challenge Gillard for prime minstership – Bloomberg

— Shell bids for Cove Energy – statement

— BHP Billiton prices $5.25bn bond – statement

— Strong take-up of DS Smith rights – statement

Other corporate:  Barratt Developments, Millennium & Copthorne, Travis Perkins, Rexam, BAA, London Capital Group, St James’s Place, Micro Focus, Logica, Hays