* FTSEurofirst 300 index slips 1 pct
* Banking index slips on cautious outlooks
* Lloyds, SocGen buck the trend, gain after results
* For up-to-the minute market news, click on []
By Joanne Frearson
LONDON, Aug 4 (Reuters) - European shares fell on Wednesday
as worries over the economic recovery persisted, with banks
mostly lower as good results were tempered by cautious outlooks.
Banks were among the worst performers, with the STOXX Europe
600 Banking index <.SX7P> down 1.7 percent.
Allied Irish Banks <ALBK.I> fell 4.8 percent after it more
than doubled its first-half losses, Standard Chartered <STAN.L>
slipped 4.5 percent following its results, and UniCredit
<CRDI.MI> slipped 2.8 percent after missing estimates on Tuesday.
"Economic data in the U.S. has been pointing towards a
slowing economy and while earnings have been better than
expected there are worries about the future. It is not the full
support the market needs," said Bernard McAlinden, investment
strategist at NCB Stockbrokers, in Dublin.
By 0900 GMT the pan-European FTSEurofirst 300 <> index
of top shares was down 1 percent at 1,060.37 points.
The Euro STOXX 50 index <>, the euro zone's
blue-chip index, fell 0.9 percent to 2,794.32 points, just under
a key technical resistance level of around 2,805, the 61.8
percent Fibonacci retracement of its fall from a high in April
to a May low.
The index was also just below its 200-day moving average of
about 2,797 points, having broken above it in the previous two
sessions.
However, Lloyds Banking Group <LLOY.L> gained 1.5 percent
after it reported a return to profit in the first half of 2010
and Societe Generale <SOGN.PA> rose 2.8 percent after posting
quarterly earnings that beat estimates.
BRITISH LAND DROPS
British Land dropped 2.9 percent after it reported slowing
growth in its net asset value, amid fresh worries for the UK
economy and fears that banks could choke a property market
revival with tough lending restrictions.
Adidas <ADSG.DE>, the world's second-biggest sporting goods
maker, fell 1.6 percent as traders pointed to profit-taking
after the company raised its 2010 outlook.
Next <NXT.L> dropped 7 percent after Britain's
second-biggest fashion chain reported a "noticeable cooling" in
consumer demand and predicted a tougher second half.
"Next Retail LFL (like-for-like sales) is a bit
disappointing at down 1.5 percent in H1," said Arden Partners
analyst Nick Bubb. "The shares have had a good run recently and
may be knocked ... by the cautious statement."
Mining stocks fell as copper prices in London edged lower,
on market concerns over the economic recovery. Anglo American
<AAL.L>, Antofagasta <ANTO.L>, BHP Billiton <BLT.L>, Rio Tinto
<RIO.L> and Xstrata <XTA.L> slipped 1.3 to 2 percent.
Across Europe, the FTSE 100 <> index was down 1.2
percent, Germany's DAX <> was 0.6 percent lower and
France's CAC 40 <> was down 0.8 percent.
(Editing by Greg Mahlich)
