European shares little changed; InBev gains

                                
 * FTSEurofirst 300 index down 0.01 percent
                                
 * Anheuser-Busch InBev gains as results beats forecasts
                                
 * Banks fall on global growth worries
                                
 * For up-to-the minute market news, click on [STXNEWS/EU]
                                
 
                                
 By Joanne Frearson
                                
 LONDON, Aug 12 (Reuters) - European shares were little
changed on Thursday, with Anheuser-Busch InBev <ABI.BR> rising
after it reported forecast-beating results, while banks fell on
concerns over the global economic recovery.
                                
 Anheuser-Busch InBev, the world's largest brewer, gained 3.6
percent after it reported second-quarter profit above
expectations helped by good weather and strong beer sales in
Brazil.
                                
 By 0900 GMT, the pan-European FTSEurofirst 300 <.FTEU3>
index of top shares was 0.01 percent lower at 1,040.81 points
after falling 2 percent on Wednesday.
                                
 The Euro STOXX 50 <.STOXX50E> index of blue-chips in the
euro zone was down 0.1 percent at 2,722.23 points and remained
under its 50-percent retracement of 2,738 and its 200-day moving
average of 2,797, generally a bearish signal.
                                
 "It is just a continuation of global growth concerns," said
Mark Priest, senior equities trader at ETX Capital. "Now it will
be wait and see until the U.S. jobless figures come out at 1230
GMT."
                                
 Economic fears were heightened on Wednesday by data showing
a widening U.S. trade gap that signalled weaker-than-expected
growth, following the Federal Reserve's gloomier outlook and a
raft of data from China showing that imports and factory output
growth was slowing.
                                
 Banks continued their falls on Thursday from the previous
two sessions, with STOXX Europe 600 Banks <.SX7P> down 0.4
percent. Deutsche Bank <DBKGn.DE>, Barclays <BARC.L> and Credit
Agricole <CAGR.PA> slipped 1 to 2.5 percent.
                                
 
                                
 AEGON SLIPS
                                
 Aegon <AEGN.AS> slipped 2.5 percent, after traders said
uncertainty remained about how the Dutch insurer will fund a
repayment of state aid.
                                
 "Will it issue shares or not to pay it back? There is
uncertainty and that is a guarantee for a negative sentiment,"
said Jos Renssen, a trader at Keijser Capital.
                                
 Shares in K+S <SDFG.DE> fell 2.6 percent after the company
posted strong results, but traders and analysts said investors
had hoped for even greater gains, triggering a sell-off in the
shares.
                                
 On the upside, Danish wind turbine manufacturer Vestas
<VWS.CO> jumped 3.4 percent after the firm won a landmark order
in Australia for turbines of its recently launched V112-3.0MW
model, with total capacity of 420 megawatts. [ID:nSGE67A0L7]
                                
 Cairn Energy <CNE.L> gained 3 percent on a report that
Vedanta <VED.L> is eyeing a stake or assets. Both companies
declined to comment.
                                
 Across Europe, the FTSE 100 <.FTSE> index was down 0.1
percent, Germany's DAX <.GDAXI> was 0.2 percent lower and
France's CAC 40 <.FCHI> was down 0.3 percent.
                                
(Reporting by Joanne Frearson; Editing by Erica Billingham)