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 concerns

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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 buyback and to try to narrow the gap with its rivals.

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Source: www.theguardian.com

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