AI sell-off deepens as chip stocks slump in market retreat - business live

Rolling coverage of the latest economic and financial news

It is a mixed open for European stock markets this morning – the Stoxx Europe 600 is up by 0.1%, while the UK’s blue chip FTSE 100 index down by 0.1%.

Oil prices are falling again today, with the international benchmark Brent crude down 2.7% to $85.95 a barrel.

We have delivered a strong volume-led performance in the first half, with a significant step-up in the second quarter – the best volume quarter at Unilever in over a decade

…The macroeconomic environment remains uncertain, but our consistency, discipline and strong first half performance give us confidence that we are well positioned to deliver our upgraded full year outlook.”
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