Activist investor Elliott Management has built a stake in London Stock Exchange Group, seeking to drive operational improvements and enhance shareholder returns.
LSEG shares rose 2.7% following the news, though the stock remains down more than 35% over the past year.
Elliott is reportedly urging management to improve margins, launch a fresh share buyback, and narrow performance gaps with rivals.
Both Elliott and LSEG declined to comment on the engagement, first reported by the Financial Times.
LSEG, which owns the London Stock Exchange, faces mounting concerns over rising competition and the disruptive impact of artificial intelligence.
Since acquiring Refinitiv in 2019, the group has expanded its financial data and analytics footprint, while accelerating AI partnerships.
Elliott, known for high-profile activist campaigns, is seeking targeted reforms rather than a breakup, aiming to unlock long-term value creation.
