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

Rolling coverage of the latest economic and financial news Matt Britzman , senior equity analyst at the broker Hargreaves Lansdown , says Barclays’ investment bank did much of the heavy lifting this quarter. Costs were higher than expected, but income grew faster, and the combination of a larger dividend and £1bn share buyback adds further weight to an encouraging set of numbers. The outlook has also improved, with Barclays raising its full-year income target and expecting more benefit from its core banking activities. UK lending continues to grow, and the investment bank is producing much hea