News of Standard Life's Trevor Matthews defection to Friends Provident has failed to boost either firm in early trading on the FTSE.
Shares in both Standard Life (now 219p) and Friends Provident (156.7p) have dropped over 3% in value in early trading, helping pull the index down 47.9p, or 0.81%, to 5,837.3.
Experian, up 10.5p, or 2.57%, to 419.5p and ITV, up 1.8p to 75.3p, have helped steady the ship, as has Rio Tinto and Vodafone.
In the US, Boeing and JPMorgan Chase helped the Dow Jones climb 96.41 points, or 0.78%, to 12,480.3 at the close of trading on Tuesday.
Boeing climbed 3.36 points to 80.96, while JPMorgan jumped 1.88 points, or 4.13%, to 47.45.
However, gains were stemmed by losses for benchmark stocks Merck & Co, Walt Disney, and Coca-Cola.
In Japan, the Nikkei 225 Stock Average declined 133.83, or 1%, to 13,345.03, reversing an advance of 0.3%.
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