'Pressure is for Tyres' LSEG CEO Says After Elliott Takes Stake

A £3 billion share buyback was announced by the London Stock Exchange Group following Elliott Investment Management’s recent stake acquisition, signaling a defensive move to bolster shareholder value. The company raised its final dividend by 15.7% to 103 pence per share, reflecting strong financial performance despite activist investor pressure. New two-year guidance was introduced alongside full-year results, suggesting strategic confidence amid market scrutiny and competitive pressures. CEO David Schwimmer dismissed concerns about Elliott’s influence, stating "pressure is for tyres," downplaying activist demands in a Bloomberg Radio interview. The announcement comes as LSEG competes directly with Bloomberg LP in financial data services, adding context to its aggressive shareholder-focused strategy.