Elliott has built stake in BP

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could pressure the energy company to shift gears on its core oil and gas businesses. BP stock was up 6.81% at 8:36 a.m. London time.
BP shares hit highest since August after Elliott builds stake
Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a source.
Elliott Takes Stake in Struggling Oil Giant BP
The activist hedge fund is encouraging BP to consider more dramatic moves to restore the once venerable company’s fortunes.
Activist Elliott Said to Build Stake in Struggling Oil Major BP
Elliott Investment Management has built a significant stake in BP Plc, according to people familiar with the matter, as the British oil major struggles to win back investor confidence and reverse years of underperformance.
BP shares jump after activist hedge fund Elliott takes stake
Shares in BP rose almost 7 per cent in early trading on Monday as investors responded to the news that activist hedge fund Elliott Management had built a stake in the struggling oil major. The shares rose to 462p,
Elliot Management has built a stake in BP, WSJ reports
Activist hedge fund Elliott Management has built a stake in BP (BP) and plans to push for transformational changes to improve the company’s
BP Faces Pivotal Moment as Activist Investor Elliott Enters Fray
BP Plc’s dramatic under-performance compared with other oil majors has reached a crunch point — a looming showdown with one of the world’s most aggressive activist investors.
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