LONDON (Reuters) – Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a source.
By 0808 GMT, the shares were up 6.6% to 461.55 pence per share, on track for their biggest daily gain since February 2023.
(Reporting by Samuel Indyk; Editing by Amanda Cooper)
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