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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Hi, I'm Sidney Schevchenko and I'm a business writer with a knack for finding compelling stories in the world of commerce. Whether it's the latest merger or a small business success story, I have a keen eye for detail and a passion for telling stories that matter.

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