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Shanghai ripple hits top engineering firms

The UK's top construction and engineering firms all experienced falls in value in a worldwide share plunge yesterday, sparked by the sharpest drop in Chinese shares for a decade.
Firms such as Atkins, Balfour Beatty and Carillion all experienced falls in share value between 3-4%.The FTSE 250, on which all three plus Kier Group, Mouchel Parkman and Taylor Woodrow are listed, suffered its biggest drop in value in its 12 year history, falling 3.72%.Fears over interest rate rises in China combined with pessimistic comments on the US economy from former Federal Reserve chairman Alan Greenspan to see investors selling euqity market shares in favour of more stable bonds markets.

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