UPDATE 1-Drop in H&M and bank shares weighs on European equities

jueves 27 de marzo de 2014 04:59 GYT

* FTSEurofirst 300 down 0.3 pct in early trading

* H&M slides after profit warning

* Some banks hit by Fed veto on buyback/dividend plans

By Sudip Kar-Gupta

LONDON, March 27 (Reuters) - European stock indexes dipped lower on Thursday after a profit warning at fashion retailer Hennes & Mauritz (H&M) knocked its shares down almost 4 percent

The pan-European FTSEurofirst 300 index, which rose 16 percent in 2013 and hit a 5-1/2 year high in January, edged down by 0.3 percent to 1,315.17 points in early session trading.

The euro zone's blue-chip Euro STOXX 50 index also declined by 0.4 percent to 3,119.22 points.

The drop at H&M took the most points off the FTSEurofirst 300 index.

"This was not what we had hoped for," said Societe Generale analyst Anne Critchlow, commenting on H&M's results.   Continuación...