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SHARE WATCH: Construction shares bouyed by BP profits

Construction firms had a mixed morning on the stock market as the FTSE 100 rose for the first time in three days.

Europe’s second largest oil company BP posted an 83 per cent rise in third quarter profit this morning prompting the FTSE 100 to rally to 4,002, a gain of 3.9 per cent.

The FTSE 350 Construction and Materials index was up 1.6 per cent to 2,442 while the FTSE 350 Support Services also saw gains, rising 2.5 per cent to 2,344.

The biggest construction industry gainer this morning was building materials firm Wolseley up 5.19 per cent to 294 pence a share.

Meanwhile consultancy firm Waterman Group led the fallers, down 13 per cent to 76 pence.