Elliott Pushes LSE Group for £5 Billion Buyback, Portfolio Review

Elliott Investment Management is pressing London Stock Exchange Group Plc to launch a review of its portfolio and pursue a £5 billion ($6.8 billion) share buyback over the next 12 months, according to people familiar with the matter.

Paul Singer’s activist hedge fund is calling on LSEG to review its complex structure, which spans a data business, exchange operations and a 51% stake in US-listed Tradeweb Markets Inc., the people said, asking not be identified discussing confidential information.