The FTSE 100 advanced on Wednesday, outperforming major European equities due to strong corporate earnings and a massive real estate rally. Commercial property landlord Segro saw its shares surge over 15% after its board unequivocally rejected an all-share takeover proposal from American rival Prologis. Discount retailer B&M jumped over 13% following the appointment of former Asda executive Atheeq Akbar as its new chief financial officer, while housebuilder Berkeley climbed over 7% after full-year operating profits beat expectations. Large-cap heavyweights also provided vital support, with AstraZeneca and Unilever rising more than 2%, Rolls-Royce adding 1.5%, and British American Tobacco gaining 1.9%. However, these gains were capped by a broader commodity sell-off. Declining oil prices dragged Shell and BP down as much as 3.6%, while falling metal and gold prices pulled miners like Glencore, Antofagasta, Anglo American, Rio Tinto, Endeavour, and Fresnillo down between 1.7% and 3.6%.