
UK services data has turned cautious after months of resilience. The latest PMI shows output, new work, hiring, and confidence weakening as companies confront soft demand and persistent cost pressure.

Edify has secured fresh backing to scale hospitality operations software. Calculus invested £2.5m as part of a £3m round for the AI platform, which serves brands including Pret A Manger, Dunkin’ Donuts, WatchHouse, and Yolk Brands.

Salary sacrifice reforms could weaken pension saving for millions nationally. LCP says more than 2.8 million workers are expected to reduce contributions after the 2029 cap takes effect.

UK growth forecasts now point to weaker investment and hiring. The BCC expects GDP to rise by 0.9% in 2026, with business investment falling 2.2% and inflation peaking at 3.8% by year-end.

May’s US dealmaking was shaped by infrastructure, AI, and scale. The largest transactions showed strategic buyers paying for assets tied to power demand, housing capacity, industrial controls, corporate travel, and healthcare pipelines.

May’s UK dealmaking showed buyers paying for control and scale. Vodafone, EQT, Ingredion, E.ON, and JD.com shaped a month in which strategic infrastructure, public-market valuations, energy resilience, food ingredients, and retail platforms all drew serious takeover attention.

Europe’s May M&A market favoured control, certainty, and strategic patience. The largest stories centred on contested assets, public-market discounts, private-equity pressure, and boards testing whether premiums were enough to justify surrendering independence.

MokN has raised $15m to scale its credential-theft defence platform. The GV-led Series A will support UK expansion, US offices, hiring, and development of a broader Active Identity Recovery platform.

AI liability is moving faster than many boards expect already. XFactorAI says enterprises deploying third-party tools may be far more exposed to litigation and regulatory action than they assume.

Invoice compliance is fast becoming a growth and control issue. Basware says delayed e-invoicing readiness is already causing rejected invoices, audit fines, and weaker expansion prospects as the UK moves towards a 2029 mandate.