Generic 1st 'HG' Future

13 Aug

Mercuria Adds Former IXM Lead and Zinc Chief in Metals Hiring Spree

stp2y0 CommentsRAG modelsCommodity Futures, Futures Markets, Generic 1st 'HG' Future, Markets, science, Technology

Mercuria Energy Group Ltd. is hiring the former head of lead and zinc at rival trader IXM SA, the latest senior addition in a major push into metals in recent months.Xavier-Alexandre Ortiz will join Mercuria in the same role once his gardening leave ends in the next few months, according to people familiar with the matter. He worked at IXM for almost 14 years before leaving the company in June. Source link lol

12 Aug

TalkTalk Owners Provide New Funds to Push Back Maturities

stp2y0 CommentsRAG modelsARES MANAGEMENT CORP - A, Bonds, British Pound Spot, Debt, Generic 1st 'HG' Future, James Smith, Markets, Private Equity, TALKTALK TELECOM GROUP LTD, Technology, TOSCAFUND ASSET MANAGEMENT L, United Kingdom

TalkTalk Telecom Group reached a tentative agreement with lenders on a refinancing that will give the cash-strapped UK broadband provider more time to pay its debts as it struggles with competition and higher costs. Shareholders will provide an immediate £65 million ($83 million) of funding, with a further £170 million to come once binding agreements have been signed, according to a company statement on Monday. Major shareholders and Ares Management Corp. will also contribute further assets to the company, including the Virtual1 business, and the Ovo and Shell-branded customer bases. Source link lol