BP, Collagen Solutions and Mytrah Energy

“The FTSE100 opened the week in negative territory with heavyweight miners Anglo American, Antofagasta and Rio Tinto among the biggest fallers,” says AJ Bell Investment Director Russ Mould.

“Energy giant BP’s shares edged up in early trading following deals which give it a major interest in world-class deepwater gas discoveries in Mauritania and Senegal and a 10% share in ADCO, which owns fields that account for most of Abu Dhabi’s oil output. BP will invest nearly $1bn to take a 62% stake in Kosmos Energy’s exploration blocks in Mauritania and a 32.49% interest in Senegal. The deal gives BP an exciting strategic opportunity to work with Kosmos to create a new LNG hub in Africa while the ADCO concession will give it long-term access to significant and competitive resources which it already understands very well.

“Collagen Solutions, the developer and manufacturer of medical grade collagen components, was an early faller after interim pre-tax losses rose to £983,313 from £356,537 last time. Revenue and other income increased by 30% to £1.9m and recent investment in sales and marketing has resulted in improved operational efficiency while the integration of R&D efforts globally has resulted in a more focused pipeline of near-term finished device projects that will address major markets in orthopaedics and wound care. The group’s shares were down by more than 6.1% in early trading.

“Mytrah Energy is on track to achieve its full-year forecasts and construction on several solar projects is progressing well. The capacity of the company's wind portfolio is currently one gigawatt and these assets are performing well technically, with some plants exceeding expectations, while the new solar business has made significant progress.”

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