Bank and miner slump sees European shares slide to 2-1/2 year low

jueves 11 de febrero de 2016 05:15 GYT

* FTSEurofirst 300 down 3.4 pct

* Societe Generale slumps 12 pct after results

* Swedish banks hit by rate cut, further in negative

* Rio Tinto falls after dropping dividend commitment

By Alistair Smout

LONDON, Feb 11 (Reuters) - A top European share index plunged to its lowest level in 2-1/2 years on Thursday, led down by a renewed slump in banks and miners, with Societe Generale sliding after disappointing results.

The pan-European FTSEurofirst 300 was down 3.4 percent at 1,199.01 points by 0848 GMT, slumping to its lowest level since August 2013.

It rose 1.8 percent in the previous session, snapping a 7-day losing run. But a 10.8 percent slump so far in February has the index set for its biggest monthly fall since 2008, and it is down 16.4 percent so far this year.

Banks were down 5.9 percent, the top sectoral faller. The sector is down over 10 percent so far this week as concerns over profitability in a low-growth, low-interest rate environment have knocked confidence in the sector.   Continuación...