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Evening Standard

Business

Holly Williams

BP shares jump after activist investor reportedly buys stake

British Petroleum Elliott Kathleen Brooks Oil

BP has seen its shares surge higher after an activist investor reportedly built up a stake in the oil giant (Nicholas T Ansell/PA) - (PA Wire)

BP has seen its shares surge higher after an activist investor reportedly built up a stake in the oil giant.

Shares in the FTSE 100 firm jumped more than 8% at one stage in Monday morning trading, hitting their highest level for six months, following weekend reports that US firm Elliott Investment Management had snapped up a stake.

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