Rishi Sunak is considering a multi-billion pound tax cut to encourage big companies to invest in machinery and factories as part of his bid to jump-start the economy after the damage wrought by Covid-19.

The Chancellor is understood to be studying plans to give firms a full tax break on capital investment, such as technology, machinery and industrial premises, allowing them to immediately deduct the costs from their bills.

Senior Tories believe such a move could encourage investment among firms otherwise reluctant to do so as a result of the financial hit from coronavirus and rising debt. Mr Sunak is understood to be concerned about current levels of investment by UK firms.

Research in the US has shown that such a tax break, known as “full expensing”, could increase investment by 17.5 per cent and wages by 2.5 per cent. Earlier this year, the Centre for Policy Studies think tank

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Most people spend their weekends relaxing and preparing for the work week ahead. However, a handful of business owners and volunteers spent the bulk of their Saturday morning passing out food bags to members of the Aiken Community. 

The Achin’ Bellies food drive provided hundreds of people with a variety of food items, the majority of which were donated by Aiken residents and collected by over 20 businesses in downtown Aiken. Three women ensured the drive went off without a hitch.

Pam Fischbach, owner of Return Engagement, Amy Patheja, an associate with Return Engagement and Holly Segar, co-owner of A Fox’s Tale, spent over a month planning, buying and packaging supplies for the drive, even digging from their own pockets when the over $1,700 in donations ran low.

The trio spent Friday night putting together over 300 bags from the collected items, with miscellaneous items being set aside to be

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Gilead Sciences Inc. is nearing a deal to buy biotech Immunomedics Inc. and its prized breast-cancer drug for more than $20 billion.

Immunomedics has a market value of roughly $10 billion following a recent surge in its stock, meaning that Gilead
GILD,
+2.83%

  is paying up to secure ownership of the company. A deal could be announced Monday if not sooner, assuming talks don’t fall apart and a rival drugmaker doesn’t jump in, the Wall Street Journal reported.

Immunomedics
IMMU,
+0.76%

 , based in Morris Plains, N.J., sells breast-cancer drug Trodelvy, which would be attractive to several large drugmakers, many of which have set their sights on adding more fast-growing oncology therapies to their portfolios. Breast-cancer treatment is one of the most lucrative segments of the world-wide cancer-drugs market, which EvaluatePharma pegs at $157 billion this year.

In April, Trodelvy was approved in the U.S. to treat a form of

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It was another choppy week for bellwether indices Sensex and Nifty 50. Despite volatility, the key benchmark indices managed to advance higher, witnessing buying interest in some of the bluechip stocks.

Following the European Central Bank’s monetary policy meeting that left the rates unchanged, the focus has shifted to the upcoming US Federal Reserve meeting. The global markets could lend direction to the domestic market in the coming week. The rupee’s movement against the dollar and crude oil price action also need to be watched.

 

Nifty 50 (11,464.4)

Last week, the Nifty 50 gained 1.15 per cent, or 130 points, after tumbling 2.7 per cent in the week ago. The volatile price action over the past two weeks appears to be a corrective phase.

Week ahead: The Nifty 50 took support at around 11,190 and bounced up, surpassing a key resistance at 11,400 as well as the 21-day moving average.

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The wedding band is gone. So are his class ring, his wristwatch, the neckties he has worn for decades — even the white coat with his name embroidered in blue.

Since the onset of the coronavirus pandemic, James McNabb has switched to wearing just surgical scrubs. It’s a departure from the Norman Rockwell image of a small-town doctor, depicted in a print hanging at McNabb’s small-town practice in Mooresville, N.C. But the stripped-down look leaves fewer places for coronavirus to hide.

The staff disinfects the office five times a day. The waiting-room magazines have all been tossed out, eliminating another route of infection.

McNabb says these are just some of the permanent changes the coronavirus has wrought on his practice. For many solo practitioners, the virus has forced a stark choice — adapt or shut down.

Doctors who have been scrambling to stay afloat are changing the way they interact

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Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Nucleus Financial Group plc (LON:NUC) is about to go ex-dividend in just 4 days. This means that investors who purchase shares on or after the 17th of September will not receive the dividend, which will be paid on the 16th of October.

Nucleus Financial Group’s upcoming dividend is UK£0.01 a share, following on from the last 12 months, when the company distributed a total of UK£0.02 per share to shareholders. Last year’s total dividend payments show that Nucleus Financial Group has a trailing yield of 1.5% on the current share price of £1.365. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Nucleus Financial Group can afford its

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Source: Barron Source: Barron’s

Macy’s (M) reported quarterly revenue of $3.56 billion, non-GAAP EPS of -$0.81 and GAAP EPS of -$1.39. The company beat on revenue and earnings. I had the following takeaways on the quarter.

Digital Sales Demonstrated A Marked Improvement

Shelter-in-place policies have led to millions of Americans being stuck at home. It also drove a significant decline in store traffic and demand at Macy’s. The lion’s share of sales has occurred online, which has benefited retailers with a robust digital platform. Macy’s temporarily closed all of its stores in March. It began reopening stores in early May, and substantially all stores have been reopened since August. In conjunction with reopening stores, Macy’s reduced store hours, introduced social distancing policies and added curbside pickup.

The company’s $3.56 billion in revenue fell 36% Y/Y. This followed a 45% decline in the May quarter when management was disappointed by its online sales.

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RANCHO MIRAGE, Calif. — Brooke Henderson tied a Mission Hills record with a 30 on the front nine and did just enough the rest of the round Saturday for a 7-under 65 and a share of the lead with Nelly Korda in the ANA Inspiration.

Henderson started the weekend six shots behind and wanted only to get as close to the lead as possible. Now she goes into the final round with a second major championship in her sights.

Korda began with a two-shot lead and fell three shots back with a rough stretch on the front nine, particularly the sixth hole by hitting 5-wood through the fairway into the gnarly rough and not getting over the water, leading to double bogey.

She rallied with three birdies on the back nine, however, for a 71 that allowed her to join Henderson at 12-under 204.

They have a two-shot lead over

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If you are thinking about opening a business, planning is key to getting started on the right foot. A thorough and well-written business plan makes all the difference in organizing and marketing your business, seeking funding, and measuring your success.

That being said, developing a business plan can seem daunting at first, even if you have an MBA or background in business. The fact that there are so many templates for business plans can also exacerbate that overwhelming feeling. Fortunately, you can choose the format that is tailored best for you and your business. It just needs to have the following components.

1. Executive Summary

Every business should be able to be summarized in an elevator pitch so think of this as a high-level introduction to your business and your reasons for starting it. Your executive summary should include your mission statement of your business’s aims

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Photograph: Liam McBurney/PA


© Provided by The Guardian
Photograph: Liam McBurney/PA

Australians are splurging on electronics, home cooking and perhaps unsurprisingly, liquor, during the coronavirus pandemic.

With overseas holidays, opportunities to go out, and the daily costs of the office commute all gone, people are using their new-found discretionary cash on a raft of items.

And after years of mounting household debts, savings have now risen to their highest level since 1974, despite the economic downturn, as everyone spends less overall.

Tom Youl, the leader of the industry analysis team at Ibisworld, says that the make-up of consumer spending has changed dramatically under the pandemic.

Early trends such as spending on groceries or home offices have surprisingly continued throughout the year, in what is shaping up to be a retail renaissance.

Related: The long shadow of the virus means there is no easy path back to prosperity | George Megalogenis

“There has been

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