BP Pledges Strategy 'Reset' as Activist Elliott Builds Stake
The Feb. 26 strategy update has long been seen as a crucial test of Auchincloss’s vision for BP, even before Bloomberg reported that Elliott had built up a stake. After several years of falling further behind peers, investors want to see significant changes at the company.
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 ...
Elliott has also declined comment. The oil major also posted a 61 per cent drop in fourth-quarter profits, year on year, to ...
Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...
BP shares rose sharply after it was revealed that activist hedge fund Elliott Investment Management had taken a stake in the ...
Major UK-based oil producer BP (BP) is advancing 6% today after an activist investor reportedly acquired a meaningful stake ...
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled ...
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