Elliott backs LSEG buyback, urges more value actions
Elliott Management Corp on Friday welcomed the London Stock Exchange Group’s (London Stock Exchange Group) £3 billion ($4.04 billion) share buyback, calling it a “positive first start,” but urged additional value-enhancing actions.
The buyback announcement, alongside favorable forecasts, lifted LSEG shares by 9% — the largest one-day gain since March 2022, News.Az reports, citing Reuters.
The New York-based activist investor, which holds a “significant stake” in LSEG, is pressing CEO David Schwimmer to: review the group’s portfolio, boost profit margins that trail competitors and better communicate resilience against AI-related market threats
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Elliott praised the initial measures, including margin-improvement plans and enhanced AI strategy communication, but emphasized that further steps are needed to unlock LSEG’s full value potential.
By Aysel Mammadzada
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