Business
Elliott Takes Stake in London Stock Exchange Owner
Activist investor Elliott Investment Management has taken a stake in the London Stock Exchange LSEG 0.87%increase; green up pointing triangle Group, according to people familiar with the matter, and is likely to push for increased stock buybacks and action to lift profit margins.
The hedge-fund firm is making a somewhat contrarian bet. LSEG stock is down 35% over the past year, amid mounting investor concerns that new artificial-intelligence tools will reduce the need for financial data and analytics that the company and others offer.
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