Elliott tells UK it won't seek LSEG break-up or New York listing shift, FT reports

SelfRugger · 2026-03-25T18:40:05+00:00

Elliott Management has assured the UK government it will not pursue breaking up the London Stock Exchange Group or shifting its listing to New York. The hedge fund, which holds a significant stake in LSEG, aims for a portfolio review and a £5 billion share buyback.

SelfRugger

2026-03-25 18:40:05

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Elliott tells UK it won’t seek LSEG break-up or New York listing shift, FT reports

A logo of the London Stock Exchange is seen in London, Britain, May 14, 2024. REUTERS/Hannah McKay · Reuters

Reuters

Thu, February 26, 2026 at 3:20 a.m. GMT+9 1 min read

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LSEG.L

+1.51%

Feb 25 (Reuters) - Activist hedge fund Elliott Management has told the British government it will not ‌push to break up London Stock Exchange Group ‌or move its listing to New York, the Financial Times reported on Wednesday, after the U.S. fund built a significant stake in the financial data and analytics company.

Elliott held talks with officials to allay concerns it could press ‌for a break-up of ⁠LSEG or a spin-off of the London Stock Exchange, the group’s stock exchange business, ⁠the report said, citing people familiar with the matter.

The hedge fund and Britain’s finance ministry did not immediately respond to requests for comment. LSEG declined to comment.

The size ‌of Elliott’s stake is unclear. Under UK rules, shareholders must disclose holdings above 3%.

Shares in LSEG closed up 1.5% at 77.94 pounds on Wednesday.

The FT first reported Elliott’s stake. Reuters confirmed on February 11 that Elliott ‌was building a position, citing a person familiar with the matter.

Elliott is pressing LSEG to conduct a full review of its ‌portfolio and launch a 5 billion pound ($6.78 billion) share buyback, a source told Reuters on February 18.

Reuters provides news and content for LSEG’s Workspace data terminal and ‌other products.

($1 = 0.7375 pounds)

(Reporting by Disha Mishra and DhanushVignesh Babu in Bengaluru, William James in London; Editing by Tasim Zahid)

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