How construction fared in the City this week
Pretty dull last week, share fans.

There were few dramatic falls or rises in the sector, overturning the turbulent trend of the past months. Sure, it might be more stable. Fine, it might create more certainty. Perhaps it's even more sustainable. But where the hell is the fun in all that?

So, good on Birmingham-based consultant High-Point Rendel. The directors and shareholders might be disappointed that its price fell 15.4% to a piddling 5.5p, the firm's low point for the year, and distant indeed from last summer's 49.5p.

High-Point Rendel announced a pre-tax loss of £2.5m in its annual results last November. Even before that, it has been the subject of intense takeover speculation. Never mind, though, there was some good news this week as it emerged that Scarborough council had appointed the consultant to carry out a geotechnical appraisal report on a theatre and conference complex.

There was even better news for Serco, which piqued Sharewatch's interest with a 12.5% hike to 153p. Serco benefited from last week's announcement that, along with Dutch rail operator Ned Railways, it had been selected as preferred bidder on the £3.6bn, 25-year Merseyside Electric concession.