London, Feb 20, 2026, 09:35 GMT — Regular session
- LSEG picked up roughly 1% at the open, following the debut of a fresh data-and-analytics product.
- Investors remain undecided as they consider an activist call for a portfolio review alongside a £5 billion buyback.
- Attention is now on whether management hints at changes to capital returns or asset sales.
Shares in London Stock Exchange Group climbed roughly 1% early Friday, changing hands near 7,850 pence. Investors weighed a fresh product rollout alongside an activist push demanding more substantial cash returns. (fidelity.co.uk)
For months, this stock has bounced between the reliable cash from its data division and investor nerves around artificial intelligence shaking up pricing power.
Right now, that tension is front and center: management has to show it can actually sell these “AI-era” tools. Shareholders, for their part, keep turning up the heat for quicker moves on costs, structure, and those buybacks.
LSEG rolled out its Model-as-a-Service (MaaS) offering on Thursday, pitching it as a secure marketplace where financial institutions can host, distribute, and run models. Societe Generale is set to provide both datasets and analytics for the new platform. Aysegul Erdem, who heads up modelling solutions at LSEG, said the company is “driving innovation” by weaving together partner models with LSEG’s own infrastructure and data. Microsoft’s Bill Borden, for his part, called it “an important step forward” for firms tapping analytics and AI. (LSEG)
Elliott Investment Management is making its presence felt. The activist fund is urging LSEG to conduct a sweeping portfolio review and kick off a 5 billion pound buyback, according to a source who spoke with Reuters. Elliott is highlighting LSEG’s 51% holding in Tradeweb Markets as a possible way to unlock cash. LSEG, for its part, said it “maintains an active and open dialogue with our investors.” The source added that Elliott wants executives to demonstrate why they can’t simply be “cut out” by large language models. (Reuters)
FTSE Russell, the index business under LSEG, has suggested a “fast-entry” rule for newly public companies joining its Russell U.S. equity indexes. It’s also looking at tweaks to its requirements on minimum float and voting rights, with a window for comments running through March 18. The consultation’s focus: making room for massive IPOs that currently fall short of existing standards. The firm pointed out that Nasdaq has pitched something similar. (Reuters)
LSEG finished Thursday at 7,778 pence—a move up this week, but the stock remains well under its price from a year earlier. (Investing.com)
London markets have seen choppy action, investors caught between a mix of corporate results, geopolitics, and shifting rate bets. The FTSE 100 dropped on Thursday—mining stocks were under pressure and concerns about U.S.-Iran frictions sent oil higher. (Reuters)
Bulls face a snag: activism doesn’t ensure a deal happens. A buyback on Elliott’s scale would push LSEG’s cash generation and leverage into focus, and raise fresh questions about how it handles assets like Tradeweb. As for AI, the narrative could flip fast if clients start tightening budgets or competitors slash prices.
