LONDON (Reuters) - European shares edged higher on Tuesday after encouraging earnings releases, with Meggitt (>> Meggitt plc) leading the market up after reporting a sharp rise in profits and Ferrovial (>> Ferrovial SA) also advancing after results news.
The pan-European STOXX 600 index <.STOXX> was up 0.1 percent by 0837 GMT, while Britain's FTSE <.FTSE> was flat.
Shares in Meggitt surged 10.6 percent, making them the top gainers in the STOXX 600, after the British car and aeroplane parts maker posted a 13-percent rise in adjusted profits and raised its dividend payout.
Ferrovial rose 4 percent after announcing results and saying that its order book last year was higher than in 2015.
British engineering group GKN (>> GKN plc) was up 3.3 percent after the company reported a 12-percent rise in adjusted pretax profit, beating market expectations, and said it would grow faster than both its main aerospace and autos markets in 2017.
However, price comparison site Moneysupermarket.com (>> Moneysupermarket.Com Group PLC) slumped nearly 10 percent, to be the biggest fallers in the STOXX 600, after results were not well received by investors.
(Reporting by Atul Prakash)