Elliott builds £4bn stake in BP as it seeks to force renewables cuts
Activist hedge fund Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent stake worth almost £3.8bn, as it seeks to force the troubled UK oil major to cut spending on renewables and make big divestments, according to two people close to the situation.
Activist investor Elliott Management has disclosed a stake of about 3.8 billion pounds ($4.75 billion) in BP , making it the ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
Shares in BP (UK:BP, BP) rose, following news the activist hedge-fund firm Elliott Management had built a stake in the U.K.
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
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