* FTSEurofirst 300 index gains 0.2 percent
* Industrials shares fall as results disappoint
* Electrolux dives on dividend dismay
By Joanne Frearson
LONDON, Feb 2 (Reuters) - European shares edged higher on Wednesday, with miners gaining as copper remained near record highs on supply concerns, though weak results from engineering firms Atlas Copco and Sandvik weighed.
The pan-European FTSEurofirst 300 index of top shares closed up 0.2 percent at 1,162.39 points, after Tuesday's biggest gain in three weeks.
"Rising commodity prices are continuing to hurt companies. This could be a sign analysts will start to revise forecasts," Koen De Leus, strategist at KBC Securities Bolero in Brussels, said.
Sandvik and Atlas Copco fell 3 and 1.6 percent respectively after results missed expectations, with higher raw material costs having an impact.
Truckmaker Scania lost 2 percent after a weaker-than-expected rise in quarterly earnings raised doubts about further margin improvements. However, miners benefited from firmer metals prices, with copper just off $10,000 a tonne on supply concerns.
The STOXX Europe 600 Basic Resources gained 2.2 percent and ENRC 3.8 percent after it said ferroalloys production grew in the fourth quarter.
Investor confidence improved in euro peripheral countries after a source said serious consideration was being given to letting the euro zone rescue fund buy debt from distressed countries.
Spain's IBEX 35 gained 0.4 percent, Portugal's PSI 20 was up 0.3 percent and Italy's benchmark rose 0.6 percent.
ELECTROLUX UNPLUGGED
World number two white goods maker Electrolux dropped 7.9 percent after saying it would not give money back to shareholders via a hoped-for special dividend.
Britain's Imperial Tobacco jumped 5.9 percent after the world's fourth-biggest cigarette maker returned to volume growth in the last quarter of 2010.
"Viewed in aggregate, we think this should put a stop to the recent rot in the share price and create a platform for a more balanced ticket of top-line delivery in FY11," Investec Securities said in a note to clients.
On the technical front, the Euro STOXX 50 was up 0.2 percent at 3,012.70, near its 3,044.37 high of January 2010. "Unless we continue to get extremely good economic data and corporate earnings, we could be on course for a correction," De Leus said.
Across Europe, the FTSE 100 index gained 0.7 percent, Germany's DAX was flat and France's CAC 40 was down 0.2 percent.
(Reporting by Joanne Frearson; Editing by David Hulmes)