Activist investor Elliott builds up stake in London Stock Exchange Group
US firm held talks with LSEG to push performance at time of reduced listings and AI concernsBusiness live – latest updatesThe activist investor Elliott Management has built up a “significant” stake in the London Stock Exchange Group (LSEG) and is engaging with the company to drive its performance at a time of reduced listings and concerns about disruption from artificial intelligence.Elliott’s exact shareholding in LSEG was unclear; the Financial Times, which first reported the stake, added that the fund had been in talks with LSEG to help it work on improvement, encourage the group to consider a fresh share buy-back and to try to narrow the gap with its rivals. Continue reading...
US firm held talks with LSEG to push performance at time of reduced listings and AI concerns
The activist investor Elliott Management has built up a “significant” stake in the London Stock Exchange Group (LSEG) and is engaging with the company to drive its performance at a time of reduced listings and concerns about disruption from artificial intelligence.
Elliott’s exact shareholding in LSEG was unclear; the Financial Times, which first reported the stake, added that the fund had been in talks with LSEG to help it work on improvement, encourage the group to consider a fresh share buy-back and to try to narrow the gap with its rivals. Continue reading...
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