BP shares jump as activist investor Elliott discloses 5% stake build

The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England.BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, which has pivoted back to oil in a bid to restore investor confidence.BP shares were last seen up 4.6% at 09:22 a.m. London time.Hedge fund Elliott Management has built its holding in the British oil major to 5.006%, according to a regul ...