LONDON, Nov 6 (Reuters) - European shares steadied on Monday just off recent highs, following weaker Asian trading as and some earnings disappointments which took the shine off early trading.
The pan-European STOXX 600 traded flat by 0825 GMT, but trading was rocked by sharp falls from Dutch firms SBM Offshore and Vopak.
The company said a preliminary settlement reached with Brazilian authorities had fallen through, and as a result it would no longer be able to participate in tenders for Petrobras , one of its largest customers.
Chemical and oil storage firm Vopak suffered a 7 percent drop after profits missed expectations. It lowered its earnings guidance for the full-year 2017, citing weaker occupancy rates and higher costs.
Shares (Berlin: DI6.BE - news) in French hotel group Accor (EUREX: 485822.EX - news) fell 1.7 percent at the open, the biggest of the CAC 40 fallers, after its third biggest shareholder Prince Alwaleed bin Talal was arrested in Saudi Arabia amid a purge by the future king.
The news is stirring concerns about the possibility of Saudi money pulling out of world markets.
Bank stocks were weaker across the region, with Societe Generale and BNP Paribas (LSE: 0HB5.L - news) among the worst performers and euro zone banks down 0.9 percent as investors exercised greater caution.
Spain's IBEX index slipped 0.3 percent, underperforming European peers, after sacked Catalan leader Carles Puigdemont turned himself in to Belgian authorities while weekend polls showed parties favouring Catalan independence would likely win December's regional election.
Financials and technology stocks have been the clear leaders while energy and utilities stocks have underperformed, Thomson Reuters data showed. (Reporting by Helen Reid; editing by Sujata Rao)