UK stocks fall, construction-related shares drop

Frankfurt - UK stocks declined for a second day as construction-related companies tumbled amid deepening concern over global growth prospects.

Wolseley led the drop, falling 9.2% after posting worse-than-estimated full-year revenue. CRH slid 1.4%. Premier Oil led oil-and-gas companies lower, losing 2.4% as oil traded below $45. Glencore, which tumbled almost 30% on Monday, added 8.7%.

The FTSE 100 Index slipped 0.8% to 5 913.89 at 09:37. Shares tumbled on Monday as data showed Chinese industrial profits in August slid the most in four years.

The broader FTSE All-Share Index dropped 0.8% today, while Ireland’s ISEQ Index fell 1.3%. A measure of UK stock volatility rose for a second day, gaining 3.8%.