PRESS DIGEST- Financial Times - July 20

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Cameron condemned for 'lack of judgment' over Greensill lobbying https://on.ft.com/3evyAzd - National Grid faces being stripped of energy system management role https://on.ft.com/3zgCWlK

- Robinhood seeks valuation of up to $35 bln in IPO https://on.ft.com/3rkaWuF - Bill Ackman abandons Spac plan to take $4 bln stake in Universal Music https://on.ft.com/2TkPB7J

Overview - Former British Prime Minister David Cameron showed a lack of judgement in using personal contacts and informal channels to lobby for the now-collapsed supply chain finance firm Greensill Capital, a parliamentary committee said on Tuesday.

- Britain's government plans to create a new energy system operator to help the country meet its net zero emissions target, which could replace the role of National Grid, consultation documents published on Tuesday showed. - Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a Monday filing.

- Billionaire investor Bill Ackman will buy up to 10% of Vivendi's Universal Music Group through his main hedge fund, rather than a special purpose acquisition company, after investors and regulators questioned his use of a SPAC. (Compiled by Bengaluru newsroom)