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Europe open: Shares up strong on Wall St but Softcat out of favour

European shares opened higher on Tuesday, boosted by record closes on Wall Street overnight and strong earnings from Facebook.
The pan-European Stoxx 600 was up 0.24% with all major regional bourses higher.

In equity news, shares in UBS rose after the wealth manager posted a better-than-expected 9% increase in third quarter net profit.

Cleaning products maker Reckitt Benckiser jumped 5.8% after it raised its full-year forecast and beat estimates for third-quarter sales.

Computer peripherals maker Logitech International fell 3.1% after it confirmed full-year earnings outlook on the boom in working from home, but warned of supply-chain disruptions.

Softcat shares led the fallers, down more than 7%, despite reporting record full-year results on Tuesday amid strong public sector demand and a recovery in the corporate sector.

Swedish bearings manufacturer SKF fell 6% after missing third-quarter profit forecasts.

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