Activist hedge fund Elliott holds 5.006% of voting rights in BP, according to a regulatory notice published on Tuesday, crossing the threshold that requires reporting of big shareholdings in British companies. This makes Elliott BP's second-biggest shareholder after Blackrock at 9.2% and ahead of Vanguard at 4.95%, according to LSEG data. BP's current market valuation is around $76 billion.
LONDON (Reuters) -Revolut's pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology…
Roche on Tuesday said it will invest $50 billion in the United States over the next five years, in one of the biggest inward…
ROME (Reuters) -Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club…
(Reuters) -Phillips 66 is arguing that Elliott Investment Management should back down from its push to break up the energy…
US stocks recovered some losses after a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome…
LONDON (Reuters) -Several OPEC+ members will suggest accelerating oil output hikes in June for a second consecutive month, three…
