FTSE 100 Live: Rolls 'stellar' numbers provide lift, along with Lloyds, BAE and Shell

FTSE 100 up 8 points to 10,916 Results from Shell, Rolls, Lloyds, LSE, BAE Systems, BAT and more Bank of England decision at midday 11.13am: UK consumers reach for credit as confidence shows signs of life UK households added more debt to their balance sheets during the second quarter than at any time since early 2023, says Simon French at Panmure Liberum, reviewing yesterday's credit data. French said the rise in borrowing could show households are using their relatively strong balance sheets to cushion pressure on disposable incomes – or that there has been an "upswing in animal spirits". "Either reason is welcome for consumer-facing businesses," he said, with recent retail sales and company updates pointing to resilient spending. UK households are collectively holding more cash than debt for the first time since records began, having carried net debt worth around £700 billion in today's money in 2008. French cautioned that the borrowing increase was not yet a trend. Consumer spending remains vulnerable to higher mortgage refinancing costs and months of speculation about "difficult fiscal decisions" ahead of the autumn Budget. 10.34am: Eurozone growth beats forecasts The eurozone economy in the last quarter grew at the fastest rate since the start of 2025. Gross domestic product swelled 0.4% in the second quarter, according to the preliminary reading from Eurostat, beating the 0.2% growth that economists had forecast. Year-on-year, the flash GDP growth estimate was 1%, also double the expected 0.5% rate. Across the EU, growth was 0.5% on the previous quarter. In the first quarter of 2026, GDP had remained stable in the euro area and had increased by 0.1% in th...