The London market closed in the red today after disappointing jobs data in the US reignited fears over the strength of the global economic recovery.

A good start to the week faded today as markets turned down again after another batch of US economic figures came in below expectations.

A strong start to the week for global markets showed signs of petering out today as attention switched to economic recovery prospects.

British plumbing and building supplies firm Wolseley today announced plans to cut 2,000 jobs and close more than 200 branches in the UK and Ireland.