The blue-chip FTSE 100 rose 0.3% by 0818 GMT, while the midcap FTSE 250 index added 0.5%.

Asia-focussed insurer Prudential rose 2.3% as equities in broader Asian markets scaled fresh seven-month highs.

Among the European companies that reported, shares of Diageo fell 3.7% even after the world's largest spirits maker beat first-half sales forecasts.

Wizz Air slipped 5.1% from eight-month highs hit in the prior session, after the Hungarian budget airline said average fares for 2023 were higher than last year on booking volumes.

Fevertree tumbled 9.6% after the tonic maker warned that inflationary pressures are expected to remain in 2023 with further double-digit percentage hikes across its key input costs.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips)