Europe stocks dip as profit warnings eclipse data

* FTSEurofirst 300 dips 0.1 pct, up 0.5 pct on the week

* Better-than-expected U.S. data help boost sentiment

* Insurers slump on Munich Re's profit warning

By Blaise Robinson

PARIS, July 25 (Reuters) - European stocks ended slightly lower on Friday, after a flurry of better-than-expected U.S. economic data failed to eclipse a profit warning by Munich Re (MUVGn.DE: Quote, Profile, Research, Stock Buzz) that knocked insurers lower.

On the upside, Danone (DANO.PA: Quote, Profile, Research, Stock Buzz) surged 7.7 percent after the food and beverage group lifted its 2008 operating margin target and confirmed 2008 sales and profit growth outlook.

UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) sank 6.1 percent on the back of news that New York State has filed a lawsuit accusing the bank of deceptively selling auction-rate securities as cash equivalents.

The FTSEurofirst 300 index of top European shares ended 0.1 percent lower at 1,169.59 points, after falling by more than 1 percent during the session.