European shares fall for third consecutive session

LONDON, Oct 10 (Reuters) - European shares fell onWednesday, losing ground for the third consecutive session,pegged back by concerns over the euro zone and the prospects ofweak corporate earnings.

The FTSEurofirst 300 index fell 0.2 percent to1,093.70 points, while the euro zone Euro STOXX 50index retreated by 0.4 percent to 2,461.67 points.

Worries over the euro zone debt crisis - and the strugglesof countries like Greece and Spain - were highlighted by theInternational Monetary Fund (IMF) on Wednesday, which called onEuropean policymakers to act with urgency.

"The markets will be a little bit on the defensive, withconcerns over Greece and Spain," said Berkeley Futures associatedirector Richard Griffiths.

Other analysts also cited worries that European companiesmay post weak results during the third quarter earnings season,with Danish luxury stereo and television maker Bang & Olufsen

reporting losses on Wednesday.

(Reporting by Sudip Kar-Gupta; Editing by Toni Vorobyova)

((sudip.kargupta@thomsonreuters.com)(+44 207 542 9795)(ReutersMessaging: sudip.kargupta.thomsonreuters.com@reuters.net))