1 – OPEC and why America’s bid to sway the oil markets is doomed to failure
The US led the push to release 50 million barrels of oil reserves into the market in the hope of keeping a lid on rising oil prices. It had the opposite effect. In his explainer, Proactive’s oil correspondent, Jamie Ashcroft, reveals why America’s action was a little like bringing a peashooter to a gunfight.
2 – Booted out of the Footsie
With Darktrace set to exit the FTSE 100 in the next reshuffle, Jai Singh takes a look at just why the cybersecurity firm received the order of the boot and what it takes to get into the top flight.
3 – Is London just too late to the SPAC world?
Hambro Perks will mean little or nothing to the rank and file investor. However, it is London’s first significant SPAC (special purpose acquisition company), set up to acquire tech assets. New York has been at this game for some time now and has raised US$230bn since January 2020. So, is the UK late to the parade?
4 – Here’s how Horizonte defied the odds to tie-up financing
For any miner to marshal almost half a billion pounds worth of investment is no mean feat. Pulling off that sort of financing when your worth a little over GBP100 million is one of those moments that turns heads. This is exactly what Horizonte done. Alastair Ford, who has followed the fortunes of the Brazil-focused group for more than a decade now, provides some close-up analysis.
5 – FTSE 100 posts modest gains again
At the close, the FTSE 100 index was 19.63 points, or 0.3% higher at 7,286.32, below the session peak of 7,307.89, but above the day’s low of 7,245.98.
Wednesday’s crypto report
The day ahead: Thursday