BT property deal lifts Footsie

British Telecommunications' announcement that it will sell its UK property for £2.3 billion has lifted the Footsie this morning. The index gained 46.30 points to 5850.30, rebounding from yesterday's 1% drop. BT rose 12p to 445.5, adding more than four points to the Footsie. The company sold its UK property to Telereal Holdings Ltd. The transaction will help the company with its state goal to cut £27.9 billion debt by at least £10 billion this year. Sage Group and ARM Holdings led gains among software and computer-related shares as some investors judged yesterday's declines overdone...