Elena Vardon

Barcelona

Reporter at The Wall Street Journal

journalist @dowjones @wsj (prev @reuters)

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Articles

Allianz UK to Reduce Workforce by 11% by Year-End

1 week ago | morningstar.com | Elena Vardon

By Elena Vardon The U.K. arm of German insurer Allianz aims to cut 650 roles by the end of 2025 as it seeks to become a digital-led business. An Allianz UK spokesperson on Thursday confirmed the job cuts across its personal lines, commercial, specialty and its central functions in the country, adding that these are all subject to consultation. The insurer has around 6,000 employees in the U.K., out of a workforce of more than 156,000 across the globe as of the end of last year.
ABN Amro to Pay $17 Million Fine for Breaching Bonus Ban

1 week ago | morningstar.com | Elena Vardon

By Elena Vardon ABN Amro said it agreed to pay a 15 million-euro ($17.2 million) fine to the Dutch Central Bank for violating a ban on bonuses that was put in place after the global financial crisis. The ban prohibited lenders receiving state support from paying out bonuses to its board members or management directly below this level whose decisions influence a bank's risk profile.
Global Banks Increase Fossil-Fuel Funding as Climate Pledges Crumble

1 week ago | wsj.com | Elena Vardon

New report shows that banks poured nearly $900 billion into financing coal, oil and gas projects in 2024Global banks significantly increased their financing for coal, oil and gas projects last year, according to a new report by climate advocacy groups, marking a reversal at a time when lenders are backtracking on climate pledges.
Legal & General Flags Good Start to 2025, Confirms Targets

1 week ago | wsj.com | Elena Vardon

Legal & General LGEN -1.48%decrease; red down pointing triangle said it made a good start to the year and is on track to deliver on its midterm targets. The London-listed provider of life insurance, pensions, retirement and investment services is aiming to grow its core operating earnings per share by between 6% and 9% per year in the midterm and confirmed on Tuesday that it expects to hit that guidance for 2025. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.
Ashtead Posts Softer Profit; Says U.S. Listing On Track

1 week ago | wsj.com | Elena Vardon

Ashtead AHT 0.21%increase; green up pointing triangle Group reported a decline in pretax profit for the fourth quarter of fiscal 2025 on lower revenue, and said the move of its primary listing to the U.S. is on track. The London-listed equipment rental company–which makes the bulk of its business in the U.S.–on Tuesday reported a 6% decrease in pretax profit for the three months ended April 30 at $392 million. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.
AIB Group Returns to Private Ownership as Irish State Completes Exit

1 week ago | wsj.com | Ian Walker |Elena Vardon

AIB Group A5G -2.43%decrease; red down pointing triangle has returned to private ownership after the Irish state fully divested its stake in the lender, marking a significant step as governments across Europe move to unload their crisis-era bailout positions. Ireland’s finance ministry late Monday announced the sale of its remaining 44 million shares in AIB–representing 2.06% of its issued share capital–to institutional investors for 305.3 million euros ($353.0 million).
AIB Group Returns to Private Ownership as Irish State Completes Exit

1 week ago | fnlondon.com | Ian Walker |Elena Vardon

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Ashtead Posts Softer Profit; Says U.S. Listing On Track

1 week ago | tradingview.com | Elena Vardon

Ashtead Posts Softer Profit; Says U.S. Listing On TrackAHTAshtead Group reported a decline in pretax profit for the fourth quarter of fiscal 2025 on lower revenue, and said the move of its primary listing to the U.S. is on track. The London-listed equipment rental company--which makes the bulk of its business in the U.S.--on Tuesday reported a 6% decrease in pretax profit for the three months ended April 30 at $392 million.
TotalEnergies Buys Stake in Chevron-Operated Exploration Blocks in the U.S.

1 week ago | morningstar.com | Elena Vardon

By Elena Vardon TotalEnergies said it is buying a 25% share in several offshore oil and gas exploration areas in the U.S. operated by Chevron, expanding its reach in the U.S. waters. The French oil major on Monday said the deal builds on existing partnerships between the companies in projects such as Ballymore, Anchor, Jack and Tahiti. This new acquisition will give it access to multiple potential sites for future discoveries.
French Lender Groupe BPCE to Buy Portugal’s Novo Banco for $7.4 Billion

1 week ago | wsj.com | Elena Vardon

Groupe BPCE agreed to buy Novo Banco from majority owner Lone Star in the latest cross-border European banking deal, which values the Portuguese lender at 6.4 billion euros ($7.41 billion). The French retail bank and the Dallas-based private equity group signed a memorandum of understanding for the cash acquisition of the 75% stake Lone Star owns in Novo Banco, they said on Friday. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8