Liquidity move puts FTSE in groove


Today's plan by global central banks to help ease the liquidity crisis led to an afternoon spark for the FTSE 100.

The index closed 22.90 points higher (0.35%) to 6559.80. Barratt Developments made a late charge to avoid FTSE 100 relegation tonight, climbing 4.68% to 508.50. Alliance & Leicester and ICAP also enjoyed a solid day at the office, up 4% to 728, and 3.66% to 694 respectively. Northern Rock is set for a demotion, losing 4.98% to close on 99.20; while European real estate firm Hammerson was 2.89% down, to 1043. In New York, news of the credit injection plan has rallied the Dow Jones, currently 104.78 points ahead (0.78%) to 13537.55. AT&T has continued where it left off yesterday, up 6.16...

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