Land Securities PLC and British Land PLC facing dividend and green pressure, predicts Jefferies proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
THE prospect of a recovery in North Sea investment remains slim despite the oil price rally that has been powered by hopes that coronavirus vaccines will be made widely available soon, experts have warned. With the outlook for the global economy mired in uncertainty, they think North Sea oil and gas projects will face increasing competition for funding as investors focus attention on sectors that appear to have better prospects. These include renewable energy. A “spike” in job losses may be in prospect when the coronavirus furlough programme ends in spring. However, bargain hunters could decide now is a good time to buy North Sea assets as tough times in the industry encourage a shake-up in the area.