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Coastal Africa raises £27M with BP backing to hunt West African oil and gas assets on AIM debut

Market News
10 Jun 2026
Proactive Investors
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Bullish
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Coastal Africa Group Ltd raised £27 million on its AIM market debut, including £10 million from BP Oil International via convertible loan notes. The company plans to acquire oil and gas assets in West Africa and aims to transition from an investment company to an operating business within 18 months. Led by CEO Conrad Clauson and chairman Peter Kimpel, Coastal Africa seeks to replicate past success by combining upstream assets with transport and storage infrastructure. Shares surged 24% on the first trading day, reflecting investor optimism about the company's growth prospects in the region.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

Market News
Bullish
1 hour ago
Frasers Group delays guidance amid takeover bids and reports 4% profit drop

Frasers Group delays guidance amid takeover bids and reports 4% profit drop

Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...

Company Fundamentals
Bearish
4 hours ago
Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum outperforms Bitcoin amid early large-cap rotation in crypto markets.

Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...

Market News
Neutral
4 hours ago
Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...

Company Fundamentals
Bullish
4 hours ago
Bitcoin crowdfunding offers direct aid to crisis zones where traditional platforms fail due to banking restrictions.

Bitcoin crowdfunding offers direct aid to crisis zones where traditional platforms fail due to banking restrictions.

A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...

Market News
Bearish
4 hours ago
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