- Taylor Wimpey plc (OTCPK:TWODY) rose 4.2% after a report that activist investor Elliott Management took a stake in the homebuilder.
- Elliott is said to being calling on the company to change its management and wants at least two new independent directors added to its board, according to a Bloomberg report, which cited a letter sent to Taylor Wimpey's board. The activist is one of the company's top five shareholders.
- The report comes after the company announced earlier this week that Pete Redfern would step down as chief executive officer.
- See SA contributor Retirement Pot's piece from late July entitled "Taylor Wimpey: Brightening Outlook For U.K. Housebuilder."