The Royal Bank of Scotland lost many of the gains that it made on Friday, slipping 12.2p. Aberdeen Asset Management lost 24.4p after it reported a decrease in the amount of funds under management following some major client withdrawals. Lloyds Banking Group, however, managed to trade relatively flat - closing up by 0.03p, in spite of the news that it had been fined £226m for its part in the libor rate scandal.
Retailers also struggled. Home Retail slipped by 4.5p after rumours broke over the weekend that the company planned to spin off its DIY company, Homebase. Most traders believe that this move is unlikely to occur in the near future, but if it were to occur then it would be a positive move for the company, focusing investor attention on its most successful arm; Argos.
AstraZeneca got off to a strong start in early trading, but shed those gains and closed 31p lower by the end of Monday's trading session. The company announced plans to work with Roche and Qiagen to develop two separate tests to identify people who would be suitable for its lung cancer treatments. However, these plans were not enough to offset concerns about the company unveiling potentially poor second quarter and first half earnings reports later this week.