US activist hedge fund Elliott Investment Management has taken out a short position on oil and gas giant Shell worth at least £837m.
Elliott took out the 0.5% short on Tuesday (25 March), according to Financial Conduct Authority disclosures, the same day Shell had its 2025 capital markets day where CEO Sinead Gorman outlined his firm's future strategy for the next five years. The US hedge fund, which is well know for its activism in UK listed companies over the years, is currently the only firm that has amassed a short position in Shell large enough to be disclosed by the FCA. BP's share price rallies 6% after US activist hedge fund Elliott builds stake Elliott built up a stake in Shell's competitor, BP, of an u...
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