Financial Updates: Tech Fraud Trial, Capital Raise, Delayed Results, and Stock Woes

Top Financial Times stories include Mike Lynch's trial over Autonomy's alleged fraud, National Grid's £7 billion capital raise for energy network upgrades, Royal Mail's delayed financial results, and Prudential's disappointing share performance highlighted at its annual meeting in Hong Kong.

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

- Mike Lynch tells US jury Autonomy 'wasn't perfect' but denies fraud - National Grid plans 7 bln stg capital raise to strengthen electricity network

- Royal Mail owner fails to publish results - Prudential chair admits 'frustrating and disappointing' share performance

Overview - British tech founder and former Autonomy chief executive Mike Lynch told jurors at his San Francisco trial that he was not involved in the transactions that prosecutors say amounted to one of the biggest accounting fraud cases to ever hit Silicon Valley.

- Britain's National Grid plans to raise about 7 billion pounds in fresh capital to help strengthen its energy networks in the US and UK, which are under strain due to the shift to renewable energy. - Royal Mail's owner International Distributions Services has delayed reporting its full-year financial results after auditor KPMG requested more time to complete a review, increasing investor concerns as the company faces a takeover bid from Czech billionaire Daniel Kretinsky.

- Prudential's share price slide has been "frustrating and disappointing", the insurance group's chair told participants in its first annual meeting to be held in Hong Kong instead of London. (Compiled by Bengaluru newsroom)