European shares fall, led lower by SAP and Nestle
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* FTSEurofirst 300 down 0.8 pct
* SAP falls more than 2 pct
MILAN, April 11 (Reuters) - European shares were lower in early deals on Monday, led down by losses in SAP after a disappointing earnings update from the German software maker.
The pan-European FTSEurofirst 300 index was down 0.8 percent by 0717 GMT after gaining 1.2 percent in the previous session.
SAP fell more than 2 percent after the company warned that first-quarter results would be weaker than expected, while food company Nestle fell 3 percent as its shares went ex-dividend.
Shares in Daily Mail & General Trust were broadly flat after the Wall Street Journal reported that the parent company of the British Daily Mail newspaper was in talks with several private equity firms about a possible bid for Yahoo Inc .
But the Italian banking sector index was up 0.3 percent, outperforming the broader market on hopes the Italian government will soon thrash out a plan to set up a state-backed fund to buy bad loans and plug capital shortfall.