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Businessman, who says he is a ‘big, bullish believer’, would combine Scunthorpe steelworks with Italian plant

• Business news – latest updates

The British investor Michael Flacks is reportedly “very” interested in buying British Steel and combining it with another plant in Italy, in a deal that would create one of Europe’s largest metals groups.

The businessman’s Miami-based investment group, Flacks Group, which specialises in buying distressed companies, is working with bankers to prepare a bid for government-controlled Scunthorpe steelworks, the Financial Times reported.

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Family of Lilia Valutyte, killed by Deividas Skebas in July 2022, say she ‘will always live in our hearts’

A man who stabbed a nine-year-old girl to death in 2022 has been found guilty of her murder.

Deividas Skebas, a 26-year-old Lithuanian man, killed Lilia Valutyte by stabbing her through the heart while the child was playing with a hula hoop outside her mother’s embroidery shop in Boston, Lincolnshire, on 28 July 2022.

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Propping up operations at Scunthorpe site, still legally owned by Jingye, now costs over £1.2m a day – so what are the options?

British Steel was losing £700,000 a day last year when its Chinese owner announced plans to shut the steelworks at Scunthorpe. After Jingye rejected support to buy raw materials, the UK government stepped in with emergency legislation to take control of the plant.

But that was not the end of the crisis. The cost to the government of propping up British Steel is now more than £1.2m a day. Yet the £359m bill, the latest disclosed to parliament last month, may only be the start.

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‘Eight-figure agreement’ made to supply new line between Ankara and İzmir – but questions over plant’s future remain

British Steel has secured an order worth tens of millions of pounds to supply rail for a high-speed electric railway in Turkey, amid continuing uncertainty over the long-term future of the government-controlled steelworks in Scunthorpe.

The site will supply 36,000 tonnes of rail to ERG International Group, the company announced, in what it called an “eight-figure agreement”.

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Auditorium to remove bacon and sausages from cafe during stage run after request from campaign group

Campaigners are calling on theatre bosses to stop serving bacon, sausages and ham in their cafes – at least while Peppa Pig and her family are performing in the same building.

Grimsby Auditorium in Lincolnshire said this week it would remove pork from the menu when Peppa Pig’s Big Family Show opens next month, after a request from People for the Ethical Treatment of Animals (Peta UK). The campaign group is sending the venue vegan ham as an alternative.

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Government announces tougher measures to tackle unlicensed sites as ‘prolific waste criminal’ is ordered to pay £1.4m

A new 33-strong drone unit is being deployed to investigate the scourge of illegal waste dumping across England, the government has announced.

The improvements to the investigation of illegal waste dumping – which costs the UK economy £1bn a year – come as the ringleader of a major waste crime gang was ordered to pay £1.4m after being convicted at Birmingham crown court.

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Exclusive: Documents show Andrea Jenkyns asked how she could help firm after major gas find in Lincolnshire

Lincolnshire’s Reform party mayor, Dame Andrea Jenkyns, has courted the head of an American oil and gas dynasty in the hope of bringing fracking to the county, the Guardian can reveal.

Egdon Resources, a British subsidiary of the US fracker Heyco Energy, announced a major gas discovery in Lincolnshire’s Gainsborough Trough last year. Jenkyns, who became the first mayor of Greater Lincolnshire in May, reached out personally to the company asking how she “could help with your recent gas find in my county”, according to records released by the mayoral authority in response to a freedom of information request.

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Roads in the Louth and Horncastle areas, as well as the rest of Lincolnshire, will continue to benefit from the input of a reputable construction company.

Residents of Mablethorpe are being consulted about plans to improve community transport in the town.

Skegness’ Hildreds shopping centre is celebrating after recording the third largest footfall increase in the UK.