U.K. fashion house Burberry sat at the bottom of the STOXX 600 at the end of trade, tumbling 9.3 percent, after reporting lower sales in its third quarter.
News that Interserve is being monitored by the U.K. government on concerns over its financial health weighed on the construction sector, following the collapse of Carillion. Interserve ended in the red, but off its highs.
At the top of Europe's benchmark, Rolls Royce popped 5.4 percent after the manufacturer announced that it would evaluate the strategic options of its commercial marine businesses, a division that has suffered due to weak demand in the offshore oil and gas markets.
Europe's top performer was Steinhoff, which rose 16.13 percent by the close, having posted sharp gains at the end of the session.
In other news, Swiss food group Nestle announced Tuesday that it had agreed to sell its U.S. business to Ferrero for $2.8 billion.