In the UK the FTSE 100 Index has lost 16.80 points to 5315.50 at its close a short while ago, led by Amvescap.
The fund manager has retreated as much as 46.5p or 11% to 369.25p, after Canada based mutual-fund company, CI Fund Management retracted its plans for a hostile takeover bid.
Royal Bank of Scotland Group has also declined 75p or 4.5% to 1628p. The bank posted a 10% increase in first-half profit gain, however this was on the wrong side of analyst’s estimates.
Smiths Group also shed 21.5p to 903.5p.
Leading gainers, Imperial Chemical Industries advanced 26.25p or 10% to 296.5p, after reporting a second-quarter net income of £110m, well above analyst’s estimates.
Unilever picked up 21p to 572p. The food and home care brand manufacturer says profits might lift 4% on the back of increased advertising for its products.
BskyB has also climbed 18p to 562p.
In the US the Dow Jones has leaked 40 points to 10657.95, led by Home Depot.
The Home improvement retailer has shed $0.72 to $41.51, while Proctor & Gamble has slipped $0.59 to $54.41. The consumer goods company signed a $24bn loan agreement with a syndicate of banks to buy back its shares and those of acquisition target Gillette.
American Express meanwhile, has advanced $0.64 to $56.12, with computer firm Hewlett-Packard adding $0.14 to $24.75.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till