The FTSE closed slightly down this afternoon after a turbulent day which saw Prudential finally back down from its bid for AIA.
The index closed down 11.98 points, or 0.23%, to 5,151.32 points.
Prudential shares shed 2.52% or 14.5p to 561p by close of play, after the company scrapped plans to buy the Asian business of US insurer AIG.
The deal collapsed after Prudential failed to negotiate a lower price for AIA.
Financials took the biggest hit today with Royal Bank of Scotland (RBS), Lloyds, and Legal and General (L&G) all suffering losses.
RBS was the biggest faller, ending down 3.6%, after it said it was cutting 500 jobs in its wealth management division.
Lloyds fell 1.52p, or 2.65%, to 55.89p and L&G closed down at 79.55p having lost 2.69% or 2.20p.
Shares in BP finishing up marginally at 0.3%, as investors hope BP may be closer to stemming its Gulf of Mexico oil leak. However, this did little to recoup the 13% fall in the value of the oil giant's shares yesterday.
In the US, the Dow made gains and was up 1.98% or 108.23 points to 10,132.25 points in early trading.
The French market closed almost unchanged again, despite a volatile day, with the Cac 40 index finishing down 1.5 points or 0.05% at 3,501, despite having fallen 2% in the first two hours of trading.
In Japan, the Nikkei 225 index closed down 108.59 points, or 1.12%, at 9,603.24 points, on the announcement the new Japanese prime minister is to resign and concerns over the impact of the Gulf of Mexico oil spill.
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