A Chinese industrial giant is set to seal a rescue deal for British Steel.

The move would save 4,000 jobs at its Norhh of Engaland plant and 20,000 in the supply chain around the UK.

After talks with a prospective Turkish buyer collapsed, the Jingye Group has become the leading contender to buy British Steel out of liquidation, with a buyout bid worth a reported £70 million.

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The news comes after talks stalled between the steelmaker and Ataer.

The Turkish firm is said to have fallen to third place in the bidding, also behind steel baron Sanjeev Gupta, who owns the UK-based Liberty House group.

Burberry investors are holding out hopes the luxury retailer has followed its "encouraging" start to the year with strong first half figures, despite fears political turmoil in Hong Kong could hit revenues.

Sales at the retailer are expected to rise higher for the past six months on the back of a strong first quarter, according to analysts.

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In the first three months of the financial year, the retailer reported revenues of £498 million on the back of a stronger-than-expected performance in its Asia Pacific region.

However, analysts have raised concerns that Burberry could see its sales hit by as much as £100 million for the year due to the escalation of turmoil in Hong Kong and China.

Analysts at Jefferies said that Burberry is currently "behind where we would expect it to be" at the current stage of its relaunch process.

The company has bet on new branding to boost sales and saw its shares rise after revenues rose by 4% for the 13 weeks to June 29.

Nevertheless, Jefferies said it anticipates a sales slowdown due to the expected "painful impact" of issues in Hong Kong.

Burberry runs 10 locations in Hong Kong and generates roughly 8% of its total sales from the region.

The e-scooter revolution took a leap forward as one of Europe's biggest operators revealed it has raised $85 million (£66.5 million) in new funding from investors in Delivery Hero and healthcare app Babylon.

VOI Technology has now raised $135 million since launching a year ago, and executives said they intend to use the cash to push into new cities and improve its offering in current locations.

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Fredrik Hjelm, chief executive and co-founder of VOI, said: "There's been a huge demand for VOI's e-scooters from residents across Europe in the last 12 months but making a landmark change to transport in Europe takes more than simply flooding cities with thousands of scooters.

"We are developing a long-term business that gives people a new way of moving around cities."

The Series B round was led by Vostok New Ventures, which has previously invested in Babylon, Gett and Delivery Hero. Other funders included Balderton Capital, Creandum and Black Ice Capital.

E-scooters have grown in popularity in recent years, with several European cities offering rental schemes with customers using an app to locate available vehicles.

However, riding an e-scooter on public roads in the UK is illegal and companies have been looking for ways to lobby the Government to change the rules.