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Friday newspaper round-up: Housebuilding, BT, Deutsche Bank

(Sharecast News) - Housebuilding in London is "grinding to a halt", housing associations have warned the government, with the number of affordable homes being built plummeting by three-quarters in the last 12 months. In a letter to the housing secretary, Michael Gove, the G15, which represents the capital's 11 largest housing associations, said his policies did not go far enough to increase supply and called for an injection of billions of pounds into an affordable homes building programme. - Guardian The Independent is in talks to take control of BuzzFeed and HuffPost in the UK and Ireland, as part of a "strategic partnership" that aims to boost the fortunes of two strikingly different players in the UK media landscape. BuzzFeed UK was once looked upon with envy by legacy publishers who coveted its reach with younger audiences, but its star has faded after huge losses at its parent company. Free online news publishers are facing a torrid financial time as social networks such as Facebook are no longer sending as many readers, while advertisers are cutting spending. - Guardian

BT has been accused of failing to invest enough money into the UK's full-fibre broadband network by the boss of a rival telecoms company. Rajiv Datta, chief executive of Nexfibre, which is building its own full-fibre network, accused BT of behaving like a "typical monopoly" by failing to invest quickly enough in the next generation of broadband technology. He said: "When you have somebody that has the dominant market share and has had the benefits of being the incumbent all these years, not investing in that core infrastructure is a typical behaviour of a monopoly." - Telegraph

Deutsche Bank has become the latest big company to crackdown on working from home, ordering managers back to the office four days a week. The German investment bank, which employs around 6,000 people in London, has told staff they will need to be in the office at least two-thirds of the time. More senior employees will need to be in four days a week. - Telegraph

Global investors turned their backs on so-called ethical funds last year, withdrawing more than $10 billion amid claims of greenwashing. Between 2020 and 2022, investors set aside six times more capital for funds claiming to support companies with high ethical, social and governance (ESG) standards than for traditional equities. But the tide turned on the sector last year, according to data from Calastone. - The Times

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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