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European stocks retreated after a positive start Tuesday morning, and then stayed weak for much of the day's session before finally settling in negative territory, as investors were reluctant to make significant moves ahead of the European Central Bank's monetary policy announcement due later in the week.
International Distributions Services, which owns Royal Mail and overseas post firm GLS, gained 3%. That followed a 3.4% rise in the previous session.
The FTSE 100 was trading higher during the day but slipped into the red by the time markets closed.
European stocks retreated after a positive start Tuesday morning, and then stayed weak for much of the day's session before finally settling in negative territory, as investors were reluctant to make significant moves ahead of the European Central Bank's monetary policy announcement due later in the week.
London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.