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SHARE WATCH: Construction shares dragged down by falling FTSE

Construction shares were dragged down this morning by a fall in commodity prices.

Plummeting oil and mining stocks dragged the FTSE 100 down 2.1 per cent to 4,240 points.

The FTSE 350 Construction and Materials index dropped 1.3 per cent to 3,434 points while the FTSE 350 Support Services index fell 1.5 per cent to 2,791 points.

The majority of construction shares were down today. All the listed building materials firms fell as did the house builders with the notable exception of Taylor Wimpey.

Taylor Wimpey was up nearly 11 per cent, meaning the house builder’s share price has risen 28 per cent since Construction News exclusively revealed a leaked email from chief executive Pete Redfern to his staff.