July 2 (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

- Santander to buy UK high street lender TSB for 2.65

billion pounds

- Ofgem approves 24 billion pound investment into UK energy

networks

- Brainlab shelves IPO in latest blow to Europe's struggling

listings market

- Smythson, UK maker of 185 pound diaries, snapped up by

private equity firm

Overview

- Spain's Santander said it had reached an

agreement to acquire smaller rival Sabadell's British

unit TSB for initially 2.65 billion pounds ($3.64 billion) in an

all-cash deal.

- Britain's energy watchdog has given the go-ahead to a 24

billion pound investment to upgrade the country's transmission

system, but said the move could push up network charges on

household bills by more than 100 pounds.

- German medical technology company Brainlab has postponed

its planned stock market listing just two days before its

scheduled debut amid volatile stock markets over recent months.

- Smythson of Bond Street, the British luxury leather goods

and stationery brand, has been bought by Iconic BrandCo, a

company controlled by Oakley Capital which invests in heritage

brands.

($1 = 0.7274 pounds)

($1 = 0.8477 euros)

(Compiled by Bengaluru newsroom)