The industry, and housebuilders in particular, performed strongly last week as takeover talks fuelled share price rises even before this Monday’s announcement of the proposed merger of Taylor Woodrow and George Wimpey.
The construction and materials share index rose 3.63%, outperforming the FTSE all-share index, which went up 3.42%.
In the construction sector, Kier rose 8.8% to 2457p after strong interim results. M&E contractor T Clarke also performed well, up 10.1% to 224p. There were no significant falls.