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SHARE WATCH: Construction shares rise ahead of Pre-Budget Report

Stock market listed construction firms enjoyed a morning of share price rises with investors in a positive mood ahead of the Pre-Budget Report.

With Gordon Brown’s Government expected to unveil a multi-billion pound stimulus for the economy later today the FTSE 100 rose 4.2 per cent in early trading to 3,941 points.

The FTSE 350 Construction and Materials index was also up, having gained 4.6 per cent to 3,016 while the FTSE 350 Support Services increased 2.2 per cent to 2,474 points.

Only a handful of firms across the whole industry saw falls - consultants WYG and Waterman Group, building firm Rok and house builders Taylor Wimpey, Persimmon, Oakdene and Telford.

The morning’s biggest risers were Travis Perkins, up 9.2 per cent, Galliford Try up 9.5 per cent, Ennstone, up 8.11 per cent and Carillion up 8.9 per cent, Styles and Wood up 11.4 per cent.