The FTSE 100 Index was stuck in the red today as investor nerves continued to weigh on sentiment.

London’s blue-chips were mired in the red today as the looming bankruptcy of car giant General Motors dealt a blow to market sentiment.

British building supplies firm Wolseley saw its shares tumble today after revealing its debt mountain increased to £3bn (€3.2bn) at the end of 2008.

Build Center chain Wolseley bucked the tough trading conditions in the UK today with an 11% rise in profits and a forecast of more growth to come.