London Stock Exchange Group Plc

Equities

LSE

GB00B0SWJX34

Financial & Commodity Market Operators

Market Closed - London S.E. Other stock markets 11:35:15 2026-04-22 am EDT			5-day change	1st Jan Change
9,748.00 ^GBX	+1.02%		+6.54%	+8.89%

Apr. 22	Pipeline operator Kinder Morgan beats first-quarter profit estimates	RE
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Parvus doubles stake to become second-largest investor in betting giant Flutter

Published on 03/06/2026 at 06:43 am EST - Modified on 03/06/2026 at 10:08 am EST

Reuters

LONDON STOCK EXCHANGE GROUP PLC

+1.02%

FLUTTER ENTERTAINMENT PLC

-2.64%

Parvus doubles stake to become second-largest investor in betting giant Flutter

March 6 (Reuters) - Activist investor Parvus Asset Management doubled its stake in FanDuel-owner Flutter Entertainment on Friday, becoming the second-largest shareholder in the firm, according to data compiled by LSEG.

The hedge fund increased its stake in Flutter to 10.7%, a filing showed, from its previous stake of 5.1%.

Parvus did not disclose a reason behind the stake increase and did not immediately respond to Reuters' request for comment.

Flutter, the world's largest online betting firm, forecast 2026 profit growth far below expectations last month due to challenges in its main U.S. market compounded by misfiring attempts to win customers over with promotions and bonuses.

Cayman Islands-based billionaire investor Kenneth Dart is Flutter's top shareholder with a 18.63% stake, according to LSEG-compiled data.

(Reporting by Yamini Kalia in Bengaluru; Editing by Shreya Biswas)

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Approximate price	Change	5d. change	Capi.
	LONDON STOCK EXCHANGE GROUP PLC	9,748.00GBX	+1.02%	+6.54%	64.38B
	FLUTTER ENTERTAINMENT PLC	106.61USD	-2.64%	-4.63%	19.05B

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Chart London Stock Exchange Group Plc

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LSE: Dynamic Chart

Company Profile

London Stock Exchange Group Plc is one of the European stock exchanges. Revenues break down by activity as follows: - publication and distribution of stock market information and data analysis (43.3%); - trading and capital market services (37.1%): execution and management of derived product and cash operations. The group also provides quotation services and technological services , as well as post-trade services (primarily securities clearing and settlement services); - development of risk management solutions and services (6.2%). Revenues are distributed geographically as follows: the United Kingdom (32.1%), Europe (13.8%), the United States (37.6%), Asia (11.4%) and other (5.1%).

Employees

28,516

Sector

Financial & Commodity Market Operators

Calendar

Jul. 30 - Earnings release - Q2 2026

More about the company