Liquidity move puts FTSE in groove

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...