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F1 Clark’s Cortina under the hammer for £250,000

Motoring marvel: Clark (below) races the Cortina in 1965 PICTURES: BONHAMS/BNPS/GETTY

A FORD Cortina raced by Formula 1 driver Jim Clark is for sale and could fetch a record-breaking £250,000.

The two-door vehicle was made by Lotus, which developed the racing version of the Cortina with Ford.

Two-time Formula 1 world champion Clark raced it in the 1965 British Saloon Car Championships before it was sold by Lotus in 1967. It then fell into disrepair before it was found, salvaged and restored in 2003.

Auctioneer Bonhams has given the car an estimate of £250,000, for the sale on July 13 at Goodwood Racecourse, West Sussex. It is already the most expensive Cortina ever sold after its current owner paid £136,000 for it in 2007.

Bonhams said: ‘We believe Jim thought this one was fun to drive.’

High street shoppers pine for Woolworths

SHOPPERS are nostalgic for the big name brands that have been lost from UK high streets — particularly Woolworths.

Consumer group Which? asked more than 10,000 of its members which stores they miss most. Top of the list was Woolworths, chosen by 49 per cent, followed by BHS (36 per cent), C&A (29 per cent), Comet (28 per cent) and Dixons (17 per cent).

One shopper said they liked Woolworths because ‘you could find anything there’. Another said: ‘I shopped in Woolworths all my life. I couldn’t believe it when it closed down.’

BUINESS BITES

■ THE Co-operative Bank has appointed a former Lloyds Banking Group executive as its new boss to help return it to profit. Andrew Bester replaces CEO Liam Coleman, who is leaving after just 18 months.

■ MATALAN has defied the high street gloom with rising revenues. The clothing retailer’s total income grew five per cent to £265.9million in the first quarter of its financial year. Online sales rose 39 per cent.

■ MOTHERCARE is to shut more stores, meaning 60 will close by next June, putting 900 jobs at risk. The retailer, which saw a £72.8million pre-tax loss last year, is also putting its Children’s World division into administration.

■ POUNDLAND founder Steven Smith is weighing up a return to the high street with a bid to buy part of embattered rival Poundworld. Retail consultant Mr Smith sold Poundland to Advent International in 2002.

■ STOBART’S board has blocked the reappointment of ex boss Andrew Tinkler as a director. On Friday, Iain Ferguson, chairman of the logistics firm, narrowly survived a bid by 49 per cent of shareholders to oust him.