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UK startup Memorify raises £420k as investors back memory technology. A pre-seed round led by private investors exceeded its original £200,000 target, supporting development of a platform designed to organise digital memories into structured personal narratives.
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Morgan Stanley cuts 2,500 roles as revenues hit record highs. The 3% reduction spans banking, trading, wealth, and investment management, excluding financial advisors. The bank has touted internal GPT-4 tools that automate research and meeting notes, raising questions about how productivity gains are reshaping staffing.
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CloudPay launches new global payroll control platform for enterprise teams. The company says CloudPay Navigator gives payroll teams a unified operating environment with real-time oversight of global payroll and payments, replacing fragmented batch-processing systems with automation and AI-driven insights.
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Immutable storage customers offered direct payout protection against destructive cyberattacks. Scality has introduced a $100,000 cyber guarantee for ARTESCA customers whose immutable backup data is destroyed or encrypted by an external cyberattack.
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Civil engineering supplier Wrekin grows despite downturn in UK construction. The Lichfield-based manufacturer reported a 12% increase in turnover during 2025, supported by infrastructure contracts and productivity gains across its workforce, even as UK housebuilding fell roughly 8% amid high interest rates and inflation.
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Research commissioned by Alliance Manchester Business School finds 73% of UK senior decision-makers say their roles have become more complex since 2020, with artificial intelligence, cybersecurity risks, economic conditions, regulation, and shifting workplace expectations all contributing to the growing demands placed on leaders.
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Interest rate hike possible if energy prices stay high. Economists warn that sustained high energy prices could lead to a Bank of England interest rate increase, affecting inflation and growth projections. This would challenge the government’s economic strategies and fiscal policies.
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The European Commission unveils Industrial Accelerator Act proposal. The proposal introduces EU-made and low-carbon requirements to boost key sectors, aiming to save over 30 million tonnes of CO2 emissions and generate significant economic benefits across several industries.
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Nvidia says its OpenAI and Anthropic investments may stop now. At a Morgan Stanley conference, CEO Jensen Huang called a $100bn OpenAI cheque “probably not in the cards,” confirming a $30bn investment instead. He added Nvidia’s $10bn Anthropic stake “probably will be the last as well.”
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Payroll mistakes are pushing UK workers towards financial instability and job moves. New research suggests many employees are already struggling with pay errors, just as HMRC prepares major payroll rule changes in April 2026 that could further increase complexity for employers.