The arrival of Elliott Investment Management on the share register could galvanise management
Thursday 22 Apr 2021 Author: Martin Gamble
Shares in GlaxoSmithKline ( GSK ) are on an upward path after the Financial Times reported that activist US investor Elliott Investment Management had taken a ‘significant’ multi-billion-pound stake. The $42 billion fund, known for active campaigns at miner BHP ( BHP ) and Premier Inn owner Whitbread ( WTB ) , is expected to heap pressure on Glaxo chief executive Emma Walmsley. Although we don’t know the precise...