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Police rushed to London's busy Oxford Street shopping district on Friday after reports that shots had been fired, sparking fears of a terror incident and leaving 16 people hurt in the panic.
Armed officers locked down the area for more than an hour before the Metropolitan Police said it had not found "any trace of any suspects, evidence of shots fired or casualties".
British Transport Police said they believed the security scare started with "an altercation between two men" on the platform of Oxford Circus Underground station.
They released CCTV images of the two men and appealed to the public for any information about the incident or what might have caused people to start fleeing the station.
The area was packed with shoppers seeking "Black Friday" bargains and several people were injured fleeing the scene, including nine who were taken to hospital, London's Ambulance Service said.
"We checked over and treated several patients who sustained injuries while leaving the Oxford Circus area," it said.
"We discharged seven patients at the scene and took eight patients to two central London hospital for minor injuries. We also took one patient to a major trauma centre for leg injuries."
Police initially said they were responding to reports of gunfire "as if the incident is terrorist-related" and urged any shoppers to shelter in shops for safety.
Crowds ran from the scene, reflecting the nervousness in a country that has sustained five terror attacks since March.
But police later said they found no evidence of any incident and tweeted: "Our response on has now been stood down."
"If you sought shelter in a building please now leave, and follow the direction of police officers on the ground if you need assistance."
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