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(Sharecast News) - Elliott Investment Management said on Friday that The London Stock Exchange Group can still do more after the company announced a 3bn share buyback with its results a day earlier.
On Thursday, LSEG unveiled plans to return 3bn to shareholders alongside a rise in annual earnings. But Elliott, which built a stake in recent weeks, is pushing LSEG to improve its performance as well as return more cash to shareholders and was understood to have been pushing for a 5bn return.
The activist investor said in a brief statement on Friday: "We note the strong operational performance and initial value-creation measures announced by LSEG yesterday, including a record share buyback programme and margin-improvement initiatives.
"The company's encouraging guidance, enhanced financial disclosures and improved communication of its AI strategy demonstrate the strength of LSEG's business.
"While this is a positive first step, we believe that there is still an opportunity for further value-enhancing actions. Elliott looks forward to maintaining a constructive dialogue with LSEG as the company works to realise the full potential of its market-leading assets, close the valuation gap to industry peers and generate long-term value."
At 1235 GMT, LSEG shares were 3.7% higher at 8,818p.
Elliott manages about $79.8bn of assets as of 31 December2025. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.
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