PARIS May 6 European shares rose early on
Tuesday, mirroring Wall Street's gains following
forecast-beating U.S. macro data, although Barclays
dropped after posting a slide in profit.
Shares in the UK lender were down 2.9 percent after it said
adjusted profit before tax fell 5 percent in the first quarter,
with revenue in its fixed income business falling more steeply
than at most rivals.
At 0706 GMT, the FTSEurofirst 300 index of top
European shares was up 0.2 percent at 1,349.99 points.
UBS was the top gainer among European blue-chips,
up 1.4 percent, after the Swiss bank said it would revamp its
corporate structure to ensure it can be more easily broken up in
a crisis, cutting the amount of money it will need to set aside
for potential losses under Swiss rules and allowing it to pay
investors a special dividend.
(Reporting by Blaise Robinson; Editing by James Regan)