Elliott Says LSEG Can Do More After £3 Billion Buyback Move

Elliott Investment Management, which has built a stake in London Stock Exchange Group Plc, said there’s “still an opportunity for further value-enhancing actions” after the bourse operator announced a £3 billion ($4.1 billion) share buyback.

Paul Singer’s activist hedge fund said that’s a “positive first step,” according to a statement on Friday. LSEG’s “encouraging guidance, enhanced financial disclosures and improved communication on its AI strategy” demonstrate the strength of its business, it added.