Investing.com -- British stocks opened higher on Tuesday on a busy earnings day in the U.K., with Vodafone (NASDAQ: VOD ) , Greggs , and Smiths Group (OTC: SMGZY ) (LON: SMIN ) among the top companies reporting.

As of 0703 GMT, the blue-chip index FTSE 100 rose 0.3% and the British pound gained 0.07% against the dollar to above 1.33.

The pound had climbed above $1.34 the previous day, driven by a weaker dollar following Moody’s downgrade of the U.S. credit rating.

Meanwhile, DAX index in Germany rose 0.2%, the CAC 40 in France gained 0.1%.

Vodafone forecasts flat earnings for FY26, announces €2 bln share buyback

Vodafone Group PLC (LON: VOD ) projected stable earnings for the ongoing fiscal year, as it works to improve performance in its German operations.

The U.K.-based telecom firm anticipates adjusted EBITDAaL to range between €11 billion and €11.3 billion, with adjusted free cash flow expected between €2.6 billion and €2.8 billion for fiscal 2026.

The company also announced the launch of a €2 billion share repurchase initiative.

Greggs shares surge as sales rise in early 2025

Shares of British bakery chain Greggs PLC (LON: GRG ) climbed more than 8% after the company posted a solid rise in sales for the first 20 weeks of 2025, with momentum picking up in the last 11 weeks thanks to improved trading conditions.

Total revenue grew 7.4% year-over-year to £784 million, while like-for-like sales increased by 2.9%.

Smiths eyes top-end revenue growth; reaffirms margin outlook

Smiths Group said Tuesday it anticipates its full-year organic revenue growth will reach the higher end of its 6–8% forecast, following a robust third-quarter performance. Organic sales rose 10.6% in the third quarter, lifting year-to-date growth to 9.6%.

The company also reaffirmed its outlook for a full-year operating margin increase of 40 to 60 basis points.

Shares rose over 1% after the market opened on Tuesday.

LondonMetric earnings soar on logistics push, acquisitions boost rental income

Londonmetric Property Plc (LON: LMPL ) reported a robust rise in full-year earnings, reflecting the effectiveness of its triple net lease model, strategic capital deployment, and growing emphasis on the logistics sector.

For the fiscal year ending 31 March 2025, net rental income surged 123% to £390.6 million, largely due to the full-year contributions from its acquisitions of LXi REIT (LON: LXIL ) and CT Property Trust.

(This story will be updated)