Finance
Elliott tells UK it won't seek LSEG break-up or New York listing shift, FT reports
Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: February 25, 2026
Quick Summary
FT says Elliott told UK officials it won’t push to break up LSEG or move its listing to New York after taking a significant stake. It’s urging a portfolio review and £5bn buyback; LSEG shares gained on the news. (ft.com)
Elliott says it won't seek LSEG breakup or shift listing to New York
Elliott’s Position on LSEG and Listing
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.
Assurances to UK Officials
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.
Responses from Parties
The hedge fund and Britain's finance ministry did not immediately respond to requests for comment. LSEG declined to comment.
Stake Size and Disclosure Thresholds
The size of Elliott's stake is unclear. Under UK rules, shareholders must disclose holdings above 3%.
Market Response and Share Price
Shares in LSEG closed up 1.5% at 77.94 pounds on Wednesday.
Timeline of Stake Reports
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.
£5 Billion Share Buyback Push
Activist Agenda at LSEG
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.
Exchange Rate Reference
($1 = 0.7375 pounds)
(Reporting by Disha Mishra and DhanushVignesh Babu in Bengaluru, William James in London; Editing by Tasim Zahid)
Key Takeaways
- •Elliott told UK officials it is not seeking a break-up of LSEG or a move to a New York listing. (ft.com)
- •The activist has built a significant, undisclosed stake in LSEG. (ft.com)
- •Elliott is pressing for a full portfolio review and about £5bn in share buybacks. (investing.com)
- •LSEG shares rose after reports of Elliott’s stake and engagement with the board. (uk.finance.yahoo.com)
- •UK disclosure rules require investors to reveal holdings above 3%; Elliott’s exact stake has not been disclosed. (lse.co.uk)
Frequently Asked Questions about Elliott tells UK it won't seek LSEG break-up or New York listing shift, FT reports
1What is the main topic?
Elliott Management has taken a significant stake in LSEG and told UK officials it won’t seek a break-up or a shift to a New York listing. (ft.com)
2What changes is Elliott advocating at LSEG?
Elliott is urging a comprehensive portfolio review and pushing for roughly £5 billion in share buybacks to boost shareholder returns. (investing.com)
3How did the market react to Elliott’s stake?
LSEG shares rose after reports revealed Elliott’s involvement and engagement with the company’s board. (uk.finance.yahoo.com)
