Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

SHARE WATCH: Construction shares tumble once again

Construction shares took a tumble again with only Morgan Sindall, of the main listed contractors up this morning.

Despite signs the market was regaining confidence after the worldwide banking bailout announced on Monday, the FTSE and other major stock markets dropped again in early trading.

The FTSE 100 was down 2.8 per cent to 4,267 points at lunchtime.

The FTSE 350 Construction and Materials index was down 3.5 per cent to 2,860 and the FTSE 350 Support Services index fell 2.8 per cent to 2,686.

Both falls in the construction sector eroded roughly half the gains the two indexes had made since the beginning of the week.

Despite falls all across the industry Morgan Sindall, was up 1.12 per cent at 498.5 pence this lunchtime.