The activist investor has built a “significant” stake in Elliott Management London Stock Exchange Group (LSEG) and engaged with the company to boost its performance amid concerns about reduced inventories and disruption from artificial intelligence.
Elliott’s exact stake in LSEG is unclear; The Financial Times, which first reported the stake, said the fund was in talks with LSEG to help it work on development, encouraging the group to consider a fresh share buyback and try to close the gap with its rivals.
Shares in LSEG rose as much as 6% in early trading on Wednesday, before retreating slightly.
LSEG is best known for running the London Stock Exchange, but has recently moved away from its traditional stock market operations and derives almost half of its revenue from its data and analytics division following its 2020 takeover of financial data provider Refinitive.
The company’s share price has steadily declined over the past year amid investor concerns that AI disruption could hurt its revenue amid growing competition.
LSEG shares have fallen more than 35% in the past 12 months and were down 13% at the start of the month after the US. AI startup Anthropic has launched a tool LSEG’s data is for use by legal departments of companies whose investors fear it could hurt business.
LSEG is the latest company to be targeted by an activist hedge fund. It comes after Elliott Built a stake in BP Worth around £3.8bn, or 5% of its shares, by early 2025, making it the oil company’s third-largest shareholder.
BP’s chief executive is Murray Auchinclose Fired in December After less than two years on the job, after pressure from Elliott, it also led a successful campaign against the oil company Chair, Helge Lundas early as 2025.
Elliott typically takes stakes in companies he believes have lost value due to mismanagement and demands changes that improve their market value. It was in the past Concerns for shake-up at drugmaker GSK and house builder Taylor Wimpey.
A feared New York hedge fund is also a joint owner Waterstones and Barnes & Noble bookstore chains and reported They are preparing to list them in the stock market. Elliott is expected to prefer London over New York for the listing, which is seen as a welcome boost to the UK stock market.
There is a pickup in business rates To select a listing in London In the second half of 2025, concerns persist that takeovers and delistings will reduce the number of UK public companies.
LSEG and Elliott declined to comment.
