After all the excitement and drama in Greece and China over the last week or two investors decided it was time for a breather.
The FTSE 100 finished unchanged at 6,754, after some mixed economic data.
Wage growth was slightly lower than the forecast 5 year high of 3.3%, but was still at a healthy 3.2%.
Jobless claims, however, increased instead of falling, and the unemployment rate lifted away from its 7 year low to 5.6%.
On the corporate front, swanky fashion house Burberry (LON:BRBY) reported higher first quarter revenue and sales but said Asia and Hong Kong dragged on the numbers. Shares eased 42p to 1,578p.
Moving the other way was Centrica (LON:CNA), which said its British Gas unit would be cutting gas prices by 5% next month.
Among the mid-caps, JD Wetherspoon (LON:JDW) chairman Tim Martin used the company’s trading update to attack the governments new ‘living wage’ scheme.
The pub chain warned that annual profit was unlikely to top last year's, due to higher pub running costs. Shares dropped 9,4% to 713p.
Peppa Pig media company Entertainment One (LON:ETO) took a tumble, shedding 9.1% as investment group Marwyn slashed its stake in the company from 26.9% to 17.9%.
Meanwhile, Lonmin (LON:LMI) was the beneficiary of an upgrade to ‘neutral’ from ‘sell’ by blue-chip broker Goldman Sachs. Shares climbed 6.2% to 81.35p.
An agreed takeover had the share price of AGA Rangemaster (LON:AGA) heating up nicely. The bid came in from US group Middleby Group at 185p a share, which was enough to win the backing of the AGA board and send the cooker maker's shares up 30.25p to 182.25p.
Savannah Petroleum (LON:SAVP), up 8.2% at 42.75p, was wanted after FIL lifted its stake above 5% to 5.55%, having purchased some 7mln shares earlier this week.
Leading the fallers was Rurelec (LON:RUR) as the company said a US$12mln bridging loan has been suspended pending clarification on the security and repayment of the facility, if taken. Shares dropped 28.6% to 1.88p.