Vodafone, Enterprise, banks drag on FTSE; Lonmin up

* FTSE 100 ends down 0.7 pct, well away from day's low

* Vodafone, Enterprise Inns drag on index after updates

* M&A chatter boosts Lonmin

By Michael Taylor

LONDON, July 22 (Reuters) - Britain's top share index snapped a three-day winning run on Tuesday as banking stocks fell on persistent economic concerns and Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) and Enterprise Inns (ETI.L: Quote, Profile, Research, Stock Buzz) lost ground after trading updates.

The commodity-heavy FTSE 100 .FTSE ended down 40.2 points, or 0.7 percent at 5,364.1, after earlier falling to 5,282.8. The UK's benchmark index has fallen nearly 17 percent this year to date.

Vodafone topped the FTSE 100 decliners by slipping 13.6 percent to its lowest close since October 2006.

The stock shaved 44 points off the index after Vodafone cut its revenue outlook as tougher economic conditions forced consumers to hold back from buying and using new handsets.