British Steel is to be rescued by China's Jingye Group, in a move which could save up to 4,000 jobs at British Steel's Scunthorpe and Teesside plants.Copyright: Getty Images
Jingye has agreed to buy the struggling steelmaker and its assets. The cost of the agreement has not been revealed.
British Steel has been kept running by the government via the Official Receiver since May, when the company went into liquidation.
Business Minister Andrea Leadsom said the news "was a positive step forward".
She said she was delighted that the sale and purchase agreement had been signed, but that the deal had not yet been completely finalised.
A statement from the Official Receiver said: "Completion of the contract is conditional on a number of matters, including gaining the necessary regulatory approvals. The parties are working together to conclude a sale as soon as reasonably practicable.
"The business will continue to trade as normal during the period between exchange and completion. Support from employees, suppliers and customers since the liquidation has been a critical factor in achieving this outcome."
Mobile speed cameras are to be placed on the Humber Bridge because "two thirds of the drivers do not obey the 50mph speed limit".Copyright: BBC
The Humber Bridge Board, which runs bridge, said a survey found there were around 25,000 journeys each day and the "majority" of traffic broke the limit.
In September one motorist was clocked travelling over the bridge at 132mph.
The mobile camera vans will begin operating on the bridge from 25 November.
Councillor Sean Chaytor, chairman of the Humber Bridge Board, said there was a "common misconception" the bridge was a private road and exempt from speed enforcement.
Police are appealing for help to find a 16-year-old boy who has gone missing in Hull.Copyright: Humberside Police
Theo Murray was last seen at about 18:40 on Sunday in Park Avenue, in the Princes Avenue area of the city.
He's described as being about 5ft 7ins tall, of stocky build with dark hair.
Humberside Police say he was last seen wearing a black parka jacket with beige fur around the hood, black tracksuit bottoms and black trainers.
Anyone who sees the teenager is asked to contact police.
A man found dead in a property in Hull at the weekend has been named by police. in Hull at the weekend has been named by police.Copyright: Humberside Police
The body of Ronald Portz, 30, was discovered at an address on Dodthorpe shortly before 01:00 on Saturday.
Police said they had been granted a 36-hour extension to question a woman who was in custody on suspicion of murder.
Detectives said they believed it was "an isolated incident with no risk to the wider public" and Mr Portz's family was being supported by officers.
Today bright or sunny intervals will be followed by windy blustery showers.
Rain is expected early this morning and then again this afternoon.
Tonight will be windy and chilly with broken cloud and clear intervals.
Looking further ahead, Thursday could bring heavy rain.Copyright: BBC
BBC Business Editor
British Steel is set to announce a rescue deal with China's Jingye Group, which could safeguard up to 4,000 jobs in the UK, including at its major site in North Lincolnshire.Copyright: Reuters
Jingye Group has agreed in principle to buy British Steel for £70m.
It is understood that the government will help in the form of loan guarantees and other financial support.
British Steel has been kept running by the government since May when the company went into liquidation.
As well as employing 4,000 people at its Scunthorpe and Teesside sites, British Steel supports an additional 20,000 jobs in the supply chain.