LSEG unveils biggest-ever buyback as firm fends off Elliott and AI threat Markets The operator of the London Stock Exchange has unveiled its biggest-ever buyback as the company fends off the dual threats of activist investor pressure and shareholder fears over the rise of AI. LSEG said it would buy back at least £3bn of shares over the next twelve months, adding to the £2.1bn buyback carried out [...]
Activist investor Elliott builds up stake in LSEG Markets Activist investor Elliott Management has built a significant stake in the London Stock Exchange Group as it looks to engineer a turnaround for the stock exchange operator. The hedge fund has been holding conversations with David Schwimmer, LSEG’s chief executive, according to a report in the Financial Times. The size of the stake could not [...]
Elliott turns the page on London’s IPO drought with Waterstones listing plan Investing Elliott Management is preparing a multibillion-pound flotation of Waterstones and Barnes & Noble, with a listing expected next year and London edging out New York as the preferred venue. The US hedge fund has reportedly begun sounding out advisers ahead of a potential IPO, with banks likely to be appointed in early 2026. While no [...]
Thames Water: Creditors set out rescue plan with £20.5bn investment September 3, 2025 A consortium of Thames Water creditors have laid out plans for how a £20.5bn investment would “fix the foundations” of the UK’s biggest water supplier. The group of 15 investors, known as the London & Valley Water consortium, are set to focus on improving the firm’s record on pollution and sewage leaks – with an [...]
Thames Water lenders offer £17bn plan, push Ofwat for ‘regulatory reset’ June 10, 2025 A group of Thames Water’s major creditors have put forward a sweeping, multibillion-pound rescue deal, while calling for forgiveness of historic fines from Ofwat. Major investment firms, including Aberdeen and Elliott Management, are among the investors, who have said they have “the funding and experience required to deliver a transformation of the company’s performance which is intended [...]
Elliott takes up £3.8bn stake in BP February 13, 2025 Notorious activist investor Elliott Management has taken up a £3.8bn stake in BP, becoming the ailing oil major’s third-largest shareholder, according to reports. The US fund’s investment in the London-listed petrochemical giant emerged last weekend, shortly before BP reported an anaemic set of full-year results that saw its profit slump to $8.9bn (£7.9bn). The earnings [...]
London Metal Exchange hires veteran Credit Suisse executive in modernisation push September 16, 2024 The London Metal Exchange has added veteran banker Robert Arbuthnott to its executive team as the marketplace looks to modernise and rebuild its reputation after a high-profile legal battle.
Thames Water creditors in funding drive to dodge special administration September 6, 2024 A group of Thames Water’s creditors are devising backup plans for a renewed injection of cash in a bid to prevent the firm from being effectively renationalised. The UK’s biggest water company is struggling under an £18.7bn debt crisis, and is in talks with lenders to provide it with fresh funding. The floundering utility firm [...]
Anglo American shareholders push for faster turnaround plan after BHP takeover swoop May 12, 2024 Anglo American's largest shareholders are pressurising the company into publishing its turnaround plan as soon as it can to inform their views on the interest in the firm from BHP Group.