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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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UK’s FTSE 100 falls at open; Drahi boosts BT.

FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville
FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stoc... FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville
FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville
FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stoc... FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville

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The FTSE 100 fell on Tuesday due to uncertainty about the U.S. debt settlement, although BT Group climbed as billionaire Patrick Drahi increased his position.

After Drahi raised his shareholding to 24.5%, BT (BT.L) climbed 1.8%.

Investors worried about the U.S. debt ceiling, so the internationally-focused FTSE 100 (.FTSE) fell 0.2%.
Pennon Group Plc (PNN.L) shares fell 3.6% after water sector regulator Ofwat announced an enforcement probe into the water firm’s leakage performance, lowering the mid-cap FTSE 250 (.FTMC) by 0.1%.

.FTUB6510 declined 0.8%.

Cranswick Plc (CWK.L) rose 2.0% after the meat manufacturer announced a higher yearly profit due to strong demand.

SSP Group Plc (SSPG.L) rose 4.9% as the snack chain anticipated higher annual profit.


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