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Obituary: Tom Wheatcroft
Tom Wheatcroft, the millionaire motor racing and construction entrepreneur and owner the Donington Park circuit and the biggest collection of classic Grand Prix cars, has died, aged 87
Camelot begins sales process
Control of Camelot, the UK lottery operator, could soon change hands after advisers formally kick-started the long-awaited sales process
Ghost of bad publicity stalks party plans
Cash-strapped businesses are axeing their office Christmas parties and scrapping the traditional festive knees-up in a penny-pinching austerity drive
Personal insolvencies rise by 28%
The number of companies going into liquidation fell in the third quarter but the number of individuals becoming insolvent has continued to rise, according to official data
Project banks on Fitzrovia’s bohemian appeal
Derwent London, the listed developer, is drawing up a master plan that will transform a backstreet area of the district in London’s West End into a bijou retail destination
Watchdog urges tougher fines for polluters
The Environment Agency says courts in England and Wales should take a harsher line in sentencing companies responsible for serious pollution incidents in order to provide a greater deterrent
Skills shortage threatens £200bn projects
Public projects worth £200bn – including the Olympic Games, Crossrail, defence infrastructure and ID cards – are at risk because the government lacks the commercial skills to deliver them, the public spending watchdog warned
UBS staff speculated on client accounts
The Swiss bank has been hit with the third-biggest fine levied by the UK financial watchdog after senior employees were discovered using money taken from customer accounts to speculate in foreign currencies and commodities
Resurgent advertising bolsters ITV
Shares in the UK’s largest commercial broadcaster rose 9.6% after a trading statement suggested net advertising revenue for December would be up 4% on the same month last year
Postal strikes off until new year
No more walkouts until at least the new year, bringing relief to businesses and customers in the run-up to Christmas
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