BP shares jump after activist hedge fund Elliott takes stake

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in BP rose almost 7% on Monday after activist hedge fund Elliott Management acquired a stake, sparking speculation of a strategy overhaul and board shake-up. Analysts predict potential changes in leadership, business focus, and capital allocation, with a sum-of-the-parts valuation suggesting BP’s value could exceed its current enterprise value of $130bn.

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