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(Close): Shares in London closed a touch lower on Monday, dragged down by a slump in financial stocks.

The FTSE index fell 3.48 points, or 0.05%, to 6,788.07.

Investment firm Aberdeen Asset Management saw its share price decline 5.3% after it said assets had dipped in the past three months.

But shares in Lloyds Banking Group rose 0.4% after the bank agreed to pay £218m ($370m) to UK and US authorities over a rate-rigging scandal.

However, the settlement over allegations that the bank helped fixed the Libor interbank interest rate made investors wary of other banking stocks.

Shares in the Royal Bank of Scotland fell 3.35%.

Another of the day's biggest losers was Shares in Mothercare. Shares in the firm fell 7.84% after the American firm Destination Maternity withdrew its takeover offer later on Friday.

Consumer goods company Reckitt Benckiser, however, was one beacon of good news.

Shares in the firm closed up 2.66% after it reported first half profit rose by nearly a quarter.

The budget airline Ryanair also pleased investors when it raised its profit forecast for the full year, which sent shares up 2.63%.