The business is taking on 70 new starters across its sites in Teesside, Skinningrove, Sheffield and Scunthorpe,

Scores of new apprentice and graduate roles have been created by British Steel as the company continues to build the next generation of steelmakers. The business is taking on 70 new starters across its sites in Teesside, Skinningrove, Sheffield and Scunthorpe, amid moves to secure the long term future of British Steel.

The announcement comes weeks after British Steel was brought under state ownership, after the steelmaker’s nationalisation passed a public interest test. The steelmaker appointed a revamped leadership team tasked with “stabilising the business and developing a commercially sustainable” future, the business department confirmed in mid-July.

The Scunthorpe site will see 36 electrical, mechanical, and structural apprentices launch their careers with the business in September. They will be joined by 17 apprentices in similar roles for British Steel’s Northern mills in Teesside and Skinningrove, and one at the company’s R&D centre in Sheffield.

At the same time, 16 graduates will join British Steel – the first to do so since 2022 following this year’s relaunch of the company’s graduate recruitment programme.

Minister for Industry, Blair McDougall, said: “Reindustrialising Britain starts with steel. These new roles will help build the next generation of skilled workers we need to secure the long-term future of British Steel and strengthen one of our foundation industries.

“We acted to safeguard British Steel because steelmaking is vital to our economy, our security and our industrial future. Today’s announcement is a sign of that brighter future, creating new opportunities for young people in communities across the UK to build careers at the heart of Britain’s industrial renewal.”

British Steel received more than 1,000 applications when the roles were advertised earlier this year. The successful candidates have come through a strict vetting process including a series of assessment centres.

British Steel HR director Nick Ashton said: “The quality of applications for our apprentice and graduate roles was extremely high, so we’re excited by the prospect of inviting so many talented new people into the business. Together they are an important part of our future as they are our next generation of engineers, technical specialists, and functional experts, with the opportunity to build long-term and fulfilling careers with British Steel.

“Together, with our highly skilled colleagues, they will help manufacture the steel Britain needs now and for decades to come and we look forward to welcoming them into the company at such an exciting time for British Steel.”

Earlier this year, British Steel reopened its Scunthorpe apprentice training centre as part of its ongoing commitment to skills development. Training for the Scunthorpe apprentices will be carried out by tutors from British Steel’s training provider, CATCH, alongside experts within the business.

The first year will be predominantly classroom-based before they spend three years getting hands-on experience on the Scunthorpe site.

Apprentices for Teesside and Skinningrove will start their studies with TTE in partnership with Middlesbrough College Group before going on-site.

Graduates will join in a series of roles across the business including Engineering (Electrical / Mechanical / Chemical), Manufacturing, Technical, Commercial, Finance, and IT.

When the Government announced nationalisation in July, British Steel interim chief executive Allan Bell described the move as a “momentous day” for the company.

He added: “Much more than that, it is an historic day for Britain and UK manufacturing, one which safeguards our future and strengthens the national security and infrastructure.”

The Powerball jackpot has ballooned to an estimated $786 million, putting one of the game’s biggest prizes ever up for grabs Wednesday night.

The jackpot now ranks as the ninth-largest in Powerball history. The winner who takes the cash option would receive an estimated $341.6 million before taxes. The alternative is an annuity paid through 30 graduated payments over 29 years. 

“The last time we saw a Powerball jackpot of this size was on Christmas Eve, with a $1.817 billion prize on the line,” Stephen Durrell, the Powerball product group chair and Kansas Lottery executive director, said in a statement. 

The jackpot has been growing since May 2, when tickets sold in Florida and Texas split a $20 million prize. There have now been 40 straight drawings without a jackpot winner.

ARKANSAS WINNER CLAIMS $1.8B POWERBALL JACKPOT, CHOOSES CASH OPTION

For the person holding the winning ticket, the first move should be protecting privacy, according to Jeffery Degner, a research fellow in economics and economic freedom at the American Institute for Economic Research.

“If you live in a state that allows you to remain anonymous, remain anonymous,” Degner told FOX Business. “Keep your mouth shut.”

Degner warned that making a massive windfall public can quickly attract long-lost friends, relatives and strangers looking for money.

“When askers do eventually come, you should develop the habit of saying ‘no’ early and often,” he said.

The winner should also consider quickly hiring a tax attorney and certified public accountant because taxes can take a big bite out of the prize, according to Degner. 

“Don’t be surprised by the taxes because the lottery is going to withhold about 24% on the initial payment,” he said, noting that more could be due when taxes are filed.

GEORGIA RESIDENT IDENTIFIED AS WINNER OF $983M MEGA MILLIONS JACKPOT, LARGEST EVER IN STATE

Choosing between the lump sum and annuity is less clear-cut. 

Powerball’s annuity includes one immediate payment followed by 29 annual payments that rise by 5% each year. Degner said those increases could help protect against inflation.

Meanwhile, the lump sum gives the winner immediate access to the money and the ability to invest it.

“When it’s all said and done, they actually are fairly close in the total return,” he said.

Degner urged winners to avoid major purchases and financial commitments during the first few months and warned against “lifestyle creep.”

Paying off high-interest debt should also be a priority. However, winners should be cautious about paying off debts for friends or relatives, Degner said.

$1.8B POWERBALL JACKPOT WON ON CHRISTMAS EVE IN ARKANSAS

Powerball tickets cost $2 and are sold in 45 states; Washington, D.C.; Puerto Rico; the U.S. Virgin Islands; and the United Kingdom.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The odds of winning any Powerball prize are 1 in 24.9. The odds of hitting the jackpot are 1 in 292.2 million.

For the eventual winner, Degner said the focus should be on preserving the money.

“It’s tax strategy first, lifestyle later,” he said.

The glossy “best places to retire” lists love pointing towards Bath, the Cotswolds and the Surrey Hills. But ONS internal migration figures show a different pattern.

Over-55s are moving in growing numbers to counties that rarely make those supplements, drawn by lower costs and stronger communities.

Norfolk: Cheap Bungalows and a Faster Rail Link

Norfolk’s county average house price sits at around £268,000 according to early 2026 Land Registry data, almost exactly the UK national figure. The difference is what that money buys. A detached bungalow in a market town like Attleborough or Downham Market can still come in under £300,000 with a garden and a garage. Greater Anglia’s ongoing improvements to the Norwich-London rail line are also closing the gap for families split between Norfolk and the south east.

The trade-off is healthcare. GP-to-patient ratios are stretched in parts of the county, and the Norfolk and Norwich University Hospital covers a huge catchment area.

Inland Dorset: Beyond the Jurassic Coast

Dorset’s coastal towns get all the attention, but the quieter inland villages like Blandford Forum and Shaftesbury are where the real migration is happening. Prices here sit well below the county median of £349,000, often in the £280,000 to £330,000 range for a three-bed.

The sting is council tax. Dorset’s Band D rate hit £2,765 for 2026/27, the highest in England. That’s a serious consideration on a fixed pension income. On the plus side, broadband coverage across inland Dorset has improved dramatically, and Dorset County Hospital in Dorchester provides a solid A&E within reasonable distance of most villages.

Lancashire’s Ribble Valley: Bowland Without the Lake District Price Tag

Tucked between the Forest of Bowland and the Pendle Hills, the Ribble Valley consistently ranks among the safest boroughs in the North West. House prices averaged around £287,000 as of late 2025, above the regional average but a fraction of what the Lake District commands. Clitheroe is the main town, with independent shops, a weekly market and an arts scene that punches above its weight.

Public transport is limited, and the nearest A&E at Royal Blackburn Hospital is a 20 to 25 minute drive. Winters are cold and wet too, so anyone coming from the south of England would do well to visit in January before committing.

Rural Kent: Three A&E Departments and a Fast Train to London

Kent’s commuter belt is expensive, but the eastern districts tell a different story. Dover and Thanet both average around £285,000, and even the Canterbury district comes in below the county median of £335,000 for certain property types. Canterbury’s hospital network is a genuine draw, with three A&E departments within easy reach and the HS1 rail link putting London under an hour from Ashford.

Broadband is generally good in eastern Kent, and the ferry ports at Dover give easy access to France.

North Cornwall: Where the Year-Round Communities Are

Forget St Ives and Padstow. North Cornwall, around Bude, Camelford and Launceston, is where permanent communities are actually growing. The ONS average house price for the county was £275,000 in March 2026, but three-bed bungalows in these northern towns can come in under £250,000. Remote working has brought younger families into the area too, keeping local schools open and boosting broadband investment.

The biggest concern is A&E access. North Devon District Hospital in Barnstaple is about 45 minutes from Bude, and the Royal Cornwall in Truro is further still. Water bills are also higher here thanks to South West Water.

How the Housing Options Compare

Once the county is settled, there’s still the question of what to actually move into. Traditional bungalows remain the most popular choice, but stock is limited and competition is fierce. Retirement flats offer lower maintenance but come with service charges that can rise annually. New builds carry a premium over older stock.

Residential Park Bungalow Communities Are Winning Out

Then there are residential park bungalow communities. Operators like Regency Living run developments across several of these counties, including Dorset, Norfolk, Cornwall and Kent. Park bungalows are exempt from stamp duty because the purchase covers the home rather than the land, and owners typically sit in council tax Band A or B.

There’s a monthly site fee to factor in, but total outgoings often compare favourably with a traditional property once maintenance and stamp duty savings are accounted for.

Back It With Research, Not a Sunny Afternoon

The best retirement moves tend to be the ones backed by boring research rather than a sunny afternoon visit. Renting short-term in winter, driving to the nearest A&E at rush hour and checking which GP surgeries are accepting patients will paint a more honest picture than any brochure. For anyone considering a park bungalow community, attending an open event first is the closest thing to a test drive in property.

Alphabet’s Class C shares fell 4.32%, or $16.21, to $359.14 on Wednesday after Google announced a sweeping overhaul of its AI leadership. DeepMind CEO Demis Hassabis is stepping away from day-to-day management while several prominent Gemini researchers are leaving the company, according to a Reuters report.

The stock opened at $380 and rose to $381.81 before turning sharply lower, touching an intraday low of $355.16.

The shakeup comes at a critical time for Google DeepMind. The flagship version of its latest Gemini model remains unreleased despite a planned June launch, raising concerns that Google is falling behind rivals Anthropic and OpenAI. Both companies have also recruited prominent Google AI researchers in recent months.

Hassabis, a Nobel laureate, will take the newly created position of Alphabet chief scientist and move from CEO to chairman of Google DeepMind. In a memo to employees, he said the change would allow him to focus more closely on artificial general intelligence, or AGI.

“[Hassabis] and I have been long discussing a role that allows him to put his full attention on actively shaping the future of AGI,” Alphabet chief Sundar Pichai said in a separate companywide memo. “It’s work that is vitally important to Alphabet and humanity, and I can’t imagine a better person than Demis to do it.”

Google DeepMind Chief Technology Officer Koray Kavukcuoglu will assume day-to-day responsibility for the unit as senior vice president. He will also retain his position as Alphabet’s chief AI architect.
Veteran engineers Jeff Dean, Sanjay Ghemawat, Oriol Vinyals and Quoc Le have left Google to launch Discovery Loop, a public-benefit corporation focused on breakthroughs in machine learning, science and engineering.Alphabet did not disclose what prompted the leadership changes or explain their coincidental timing, according to a Reuters report.

A Google spokesperson told Reuters that Hassabis, who has long prioritised research over commercial returns, will focus on AGI strategy and its societal implications while overseeing a small team.

Hassabis said Google had made “great progress” on its AI models, including an unreleased upgrade called Gemini 4. He also plans to spend more time at Isomorphic Labs, the DeepMind drug-discovery spinoff that he founded and leads.

The overhaul follows setbacks in Google’s AI product pipeline. The company delayed Gemini 3.5 Pro in July to improve its performance in areas such as coding, according to a Bloomberg report.

Despite those concerns, Alphabet has benefited from rapid growth in its AI-driven cloud business. Google Cloud revenue surged 82% to $24.77 billion in the latest quarter, beating the $24.56 billion estimate and rising from $13.6 billion a year earlier, Yahoo Finance reported.

Alphabet also raised its annual capital-spending forecast to between $195 billion and $205 billion from $180 billion to $190 billion, briefly sending its shares down more than 6% before they recovered.

The stock has gained 86% over the past 12 months and 15% this year, outperforming Amazon, which rose 28% over the past year, and Microsoft, which declined more than 8%.

Shares of AXT Inc continued an extraordinary rally Wednesday, climbing another 12.61% to $73.50, extending a run that has seen the compound semiconductor substrate maker’s stock repeatedly post double-digit percentage gains in the days since a blowout second-quarter earnings report at the end of July.

The latest advance builds on a string of powerful sessions for AXT, a small-cap materials company whose shares have surged from the low $40s in mid-July to well above $70 in the weeks since, driven by surging demand for the indium phosphide substrates used in high-speed optical connectivity for artificial intelligence data centers.

A Quarter That Shattered Expectations

AXT’s rally traces back to its second-quarter results, released July 30, which showed revenue of $47.59 million, up 77% from the first quarter and 164% higher than the same period a year earlier, comfortably beating the $34.1 million analysts had expected. Adjusted earnings came in at 19 cents per share, nearly three times the 7-cent consensus forecast, marking a dramatic turnaround from a loss in the prior-year period.

The results were driven primarily by record indium phosphide revenue of $30.7 million during the quarter, reflecting surging demand tied to AI and data center optical connectivity applications. Following the earnings release, AXT shares closed the regular session up 26.89% at $46.91, then climbed another 21.28% in after-hours trading to $56.93, before continuing to extend those gains in the sessions that followed.

Guidance and Backlog Signal More Growth Ahead

For the third quarter, AXT guided to non-GAAP earnings per share of 30 to 32 cents on approximately $66 million in revenue, a forecast far above prior Street estimates that had anticipated a much more modest recovery. Management said the company’s order backlog for indium phosphide products had grown to more than $100 million, giving the company meaningful visibility into demand well beyond the current quarter.

The company has laid out ambitious expansion plans to meet that demand, targeting more than a doubling of its indium phosphide production capacity by the end of 2026, with a further capacity expansion planned for 2027 aimed at reaching a quarterly revenue run rate of approximately $130 million by the end of that year. Long-term supply agreements with Coherent, Casela and Lumentum are expected to help support that growth trajectory, though the Lumentum agreement is not expected to begin contributing meaningfully until 2027. The Lumentum deal specifically includes $87 million in upfront deposits, locking in future demand for AXT’s indium phosphide wafers.

A Volatile but Well-Supported Rally

AXT’s stock has exhibited pronounced volatility even amid its overall upward trajectory, with the company posting several wide-range trading days in recent weeks, including intraday swings of $6 to $8 per share. That volatility has continued even as the underlying fundamental story, robust revenue growth, expanding margins and a rapidly growing order backlog, has remained consistently supportive of the stock’s advance, according to traders who have tracked the name closely through its recent run.

Not every analyst has embraced the rally without reservation. B. Riley Securities lowered its price target on AXT to $52 from $73 even as the firm acknowledged the strength of the company’s underlying momentum, citing concerns about the stock’s rapid appreciation relative to its longer-term fundamentals. That kind of divergence between bullish operational momentum and more conservative price targets has become a recurring theme in coverage of the stock as its rally has continued to extend further than many analysts initially anticipated.

A Broader Strategic Backdrop

AXT’s growth has also been shaped by broader shifts in its supply chain and corporate structure. The company noted during its most recent earnings call that its majority-owned Chinese subsidiary, Tongmei, is moving toward a listing on the Stock Exchange of Hong Kong, a transition that creates a redemption right tied to roughly $49 million invested by private equity funds back in 2021. Management has said it is in discussions with those investors, who have so far indicated an intention to continue their investment rather than seek redemption, while the company maintains sufficient cash reserves to honor any redemption requests should they arise.

With AXT’s order backlog continuing to build and capacity expansion plans extending well into 2027, investors are likely to watch closely whether the company can continue converting its rapidly growing indium phosphide demand into sustained margin improvement, particularly as the stock’s valuation has climbed to levels that leave less room for any disappointment in future quarters relative to the exceptionally high bar the company has now set for itself.

Shares of Riot Platforms climbed to $23.30, up 8.05%, on Wednesday as the Castle Rock, Colorado-based bitcoin mining company prepared to report second-quarter earnings, with investors weighing the stock’s exposure to both cryptocurrency markets and an increasingly prominent push into artificial intelligence data center infrastructure.

Riot was scheduled to release its second-quarter results Wednesday, with analysts expecting a 2.8% revenue decline and a loss of 39 cents per share, reflecting broader pressure across the bitcoin mining sector tied to a significant drop in bitcoin mining difficulty and continued volatility in cryptocurrency prices.

Wednesday’s Rally Amid Broader Market Strength

The stock’s advance came amid a broader rally across U.S. equity markets, with major indexes including the Dow Jones Industrial Average and S&P 500 climbing to fresh record highs this week on optimism tied to easing tensions over the Strait of Hormuz and a busy stretch of corporate earnings. That risk-on environment has generally provided a supportive backdrop for higher-volatility names like Riot, whose share price has historically shown a strong correlation with broader shifts in investor risk appetite alongside movements in bitcoin’s own price.

A Bitcoin Miner Betting on AI Infrastructure

Much of the recent bullish narrative surrounding Riot has centered on the company’s strategic pivot from pure bitcoin mining toward broader data center infrastructure that could serve artificial intelligence workloads. Riot currently owns roughly 1.7 gigawatts of power capacity across two large-scale facilities in Texas, assets that analysts have described as rare tier-one infrastructure within the bitcoin mining sector, given the difficulty and cost of securing comparable power capacity for new data center projects.

Activist investor Starboard Value has publicly argued that Riot’s AI infrastructure pivot could be worth as much as $21 billion, a figure that stands in stark contrast to the company’s more modest market capitalization, underscoring what bulls see as a significant valuation gap between the company’s current stock price and its potential long-term value as a power-heavy infrastructure operator. J.P. Morgan has separately forecast as much as 45% upside for Riot shares through 2026, citing expectations that the company could secure a large-scale colocation deal at its Corsicana, Texas site.

Riot chief executive Jason Les has increasingly framed the company’s identity around its infrastructure capabilities rather than mining alone, describing Riot in recent public statements as a Bitcoin-driven industry leader in the development of large-scale data centers, a framing that reflects the company’s broader strategic emphasis on power infrastructure and data center development over its original core mining business.

Analyst Sentiment Turns More Bullish

Wall Street sentiment toward Riot has grown increasingly positive in recent weeks. Citi raised its price target on the stock from $21 to $28 while reiterating a buy rating, and BTIG similarly increased its own target on the shares, both moves reflecting growing analyst confidence in the company’s dual exposure to bitcoin mining economics and the broader AI infrastructure buildout that has dominated market narratives throughout much of 2026.

A History of Volatility

Despite the recent bullish momentum, Riot’s stock has continued to exhibit the kind of pronounced volatility that has long characterized bitcoin mining equities. Shares fell 3.55% in a single session in late July amid mixed options market sentiment, illustrating the degree to which the stock remains sensitive to shifting short-term sentiment even as its longer-term strategic narrative has grown more favorable among covering analysts. The stock has climbed roughly 90% year-to-date, according to recent analysis, reflecting strong market approval of the company’s broader strategic shift toward digital infrastructure even amid the sector’s characteristic volatility.

Funding Growth Through Bitcoin Sales and Equity

Riot has continued to fund its expansion plans in part by selling a portion of its mined bitcoin output alongside periodic equity raises. The company maintained a substantial liquidity position earlier this year, holding more than 15,000 bitcoin, a portion of which was held as collateral, valued at more than $1 billion based on prevailing market prices at the time. The average cost to mine each bitcoin, excluding depreciation, has risen modestly compared with the prior year, driven primarily by an increase in the global network hash rate that has made mining incrementally more competitive across the industry.

What Investors Are Watching

With Riot’s official second-quarter results expected later Wednesday, investors are likely to focus closely on updated commentary regarding the pace of the company’s data center infrastructure buildout, particularly any additional detail on potential colocation agreements at its Corsicana facility, alongside standard bitcoin production and mining cost metrics that have traditionally driven the stock’s performance. The results are expected to offer further clarity on whether Riot’s ongoing transformation from a pure bitcoin miner into a broader power infrastructure operator is beginning to translate into the kind of valuation re-rating that bullish analysts and activist investors have argued the stock deserves.

In a post on social media, the school outlined its “uniform expectations”, which include trousers and skirts being black, and skirts being the same material as blazers and a pencil-fit style, sitting just above the knee.

Mark said it was a “loads better” idea allowing uniform to be checked in advance.

“If everyone is the same, it teaches you in life you’ve got to have uniforms depending on your job,” he said.

Laura, whose children are also going into Year 7, said she found it helpful to get trousers she had not bought from the school’s official supplier checked.

“It’s fine if you can afford to buy them off the website, but it’s not great when you’ve not got a lot of money,” she said.

“[It] is very helpful that they will approve other trousers and stamp them for you.”