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'Pressure is for Tyres' LSEG CEO Says After Elliott Takes Stake
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Why This Matters
LSEG CEO David Schwimmer has downplayed the pressure on the company following Elliott Investment Management's stake, citing the company's strong financial position and plans to buy back £3 billion of its own shares. The company has also reported a 15.7% hike in its final dividend and set new guidance for the next two years. This suggests a positive outlook for the company's future performance.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The London Stock Exchange Group has announced plans to buy back £3 billion of its own shares, as it reported full year results less than a month after it emerged that Elliott Investment Management had taken a stake. The company also hiked its final dividend 15.7% to 103 pence a share and set new guidance for the next two years. LSEG CEO David Schwimmer Spoke to Caroline Hepker and Stephen Carroll on Bloomberg Radio. Bloomberg LP, the parent company of Bloomberg News, competes with LSEG to provide financial news, data and information. (Source: Bloomberg)
Original article published by
Bloomberg
on February 26, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.