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.
Elliott Investment Management expected to use its influence to force supermajor to move away from low-profit renewables ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.
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