REFILE-Banks and Vodafone weigh on European stocks

(Fixes Reuters Instrument Codes for KPN, Nokia)

* FTSEurofirst 300 index sheds 1.4 pct

* Vodafone, Ericsson weigh on telecoms and techs

* American Express hits banks

By Patrizia Kokot

LONDON, July 22 (Reuters) - European shares fell on Tuesday, led by Vodafone (VOD.L), which sank after issuing a weak outlook, while banks were weighed down by disappointing earnings from American Express (AXP.N).

By 0826 GMT, the FTSEurofirst 300 index .FTEU3 of top European shares was down 1.4 percent to 1,153.72 points.

Telecoms and technology stocks took a hit after both Vodafone and Ericsson (ERICb.ST) disappointed investors.

Vodafone shed 15.6 percent after the world's largest mobile phone company by sales released in-line figures for the first-quarter but spooked investors by saying it expected full-year revenue to be around the bottom of its previously stated range due to economic weakness.

Peers Deutsche Telekom (DTEGn.DE), Telefonica (TEF.MC) and KPN (KPN.AS) all fell between 4.6 and 7 percent.

Ericsson slumped 9 percent as it beat expectations with its second-quarter report, but also unveiled hefty restructuring charges and according to analysts disappointed in terms of profitability.

Peer Nokia (NOK1V.HE) lost 2.4 percent, while chip makers Alcatel-Lucent (ALUA.PA) and ASML (ASML.AS) and STMicroelectronics (STM.PA) fell between 2 and 3.8 percent.

AMERICAN EXPRESS HITS BANKS