Financial Times - July 20



July 20 (Reuters) - 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 Link

- National Grid faces being stripped of energy system management role Link

- Robinhood seeks valuation of up to $35 bln in IPO Link

- Bill Ackman abandons Spac plan to take $4 bln stake in Universal Music Link

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 NG.L , 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 VIV.PA 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)

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