Banks and miners help European shares edge higher
* FTSEurofirst 300 index rises 0.2 percent
* UK banks gain after stress test results
* Linde slumps after cutting medium-term targets
By Atul Prakash
LONDON, Dec 1 (Reuters) - European shares edged higher on Tuesday, with UK-listed banks gaining after none failed the latest Bank of England "stress tests" on the sector.
Standard Chartered, Lloyds Group, Royal Bank of Scotland, HSBC and Barclays rose 1.4 to 2.7 percent, helping the European banking index gain more than 1 percent, after the BoE said major UK lenders did not have to take any action.
The BoE found capital ratios are not far from what's needed in the longer term, potentially opening the way for higher dividends.
"The BoE UK bank stress test results suggest the central bank will ease capital pressures on the sector after years of post-crisis reform," Augustin Eden, analyst at Accendo Markets, said. "While RBS and Standard Chartered failed aspects of the balance sheet analysis exercise, they already have plans in place to hit targets."
The pan-European FTSEurofirst 300 index was up 0.2 percent at 1,521.64 points by 0852 GMT, also supported by a rise of 0.7 percent in the STOXX 600 Basic Resources index as metals prices rose on the back of a weaker dollar. Continuación...