Shares fell across Europe, following yesterday's surge and after companies such as British media giant ITV warned the outlook is "uncertain."
The FT-SE 100 Index fell 0.5%, or 26 points, to 5,370 points.
The London-listed South African investment bank Investec was the index's biggest loser, dropping 5.3%, or 26.7p, to 476.8p. Investec said it planned a sell up to $180m worth of news shares, diluting the value of those currently traded. The funds will allow the company to strengthen its balance sheet, it said.
Stephen Koseff, Chief Executive Officer, said in a statement: "This offering gives Investec the ability to take advantage of opportunities in credit and other markets and deliver long term shareholder value, while preserving a strong tier 1 capital position."
ITV, Britain's biggest commercial free-to-air broadcaster, lost 2.3%, tor 1.2p, to 52.3p.
