BP tops FTSE 100 after activist investor Elliott builds stake in company

BP

10/02/2025 08:10

** Shares of BP  BP.L  up 5.6% at 457p - top gainer on FTSE
100 index  .FTSE  
    ** Activist investor Elliott Investment Management has built
a stake in the oil major, a source familiar with the matter told
Reuters
    ** Size of the stake is unknown
    ** In a report from Saturday, Bloomberg News called
Elliott's stake in the company "significant" 
    ** Elliott is seeking to boost shareholder value by urging
BP to consider transformative measures, Bloomberg News reported 
    ** BP gains ~16% YTD


 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))