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According to Reuters, the FTSE 100 - which was down 12.66 points at 5,565.78 - was lower partly due to uncertainties over European debt that weighed on banking stocks.
In terms of the blue chip settlement, midday was a bad time for financial organisations as the Royal Bank of Scotland decreased by 1.7 per cent.
Richard Hunter, head of UK equities at Hargreaves Lansdown, said he expected many investors were not willing to take any late risks as there is only a few days remaining until the end of the quarter.
There also was negative news for clothing retailers as Marks & Spencer fell by 0.7 per cent and Next dropped 0.1 per cent.
This comes after the FTSE 100 gained 0.1 per cent yesterday to close at 5,578.44, the news provider reported.
Posted by Greg Secker
