Feb 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

- Wood Group's CFO steps down after inaccurate claims about

qualifications

-KKR submits 4 billion pounds bid to take majority stake in

Thames Water

- Owners of UK energy networks made billions in excess

returns, says watchdog

- Melrose founders' Rosebank in talks to buy U.S.

engineering group for $2 billion

Overview

- The chief financial officer at embattled engineer John

Wood Group has stepped down with immediate effect after

he admitted to misstating his professional qualifications.

- KKR has submitted a preliminary 4 billion pounds

($5.04 billion) equity bid to take a majority stake in Thames

Water, as the U.S. private equity firm looks to position itself

as the most credible potential owner of the debt-laden water

provider.

- The owners of Britain's gas and electricity networks have

made billions of pounds in excess returns as a result of a

"policy failure" by regulator Ofgem, according to consumer

watchdog Citizens Advice.

- Rosebank Industries, the listed private equity

vehicle established by former founders of FTSE listed British

turnaround specialist Melrose, has said it is in discussions

with U.S.-based electrical engineering group Electrical

Components International over a possible acquisition.

($1 = 0.7943 pounds)

(Reporting by Surbhi Misra in Bengaluru)