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.
The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil ...
BP has been ordered to cut spending on renewable energy by its third largest shareholder as pressure grows on the oil giant ...
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
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