PRESS DIGEST- Financial Times - August 5

Aug 5 (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

- Scottish rocket maker looks abroad for launch due to lack of UK facilities

- Jaguar Land Rover names Tata Motors CFO as new chief executive

- Donald Trump's move on institutions 'wrong', says German finance minister

- Liechtenstein's LGT invests in CVC-owned Teneo

- UK aims to slash clinical trials set-up time from 9 months to 10 weeks

Overview

- Scottish rocket maker Skyrora is exploring the possibility of launching from Australia, after it was granted a long-awaited UK licence only to learn there are no British facilities available for the rest of the year.

- Jaguar Land Rover has appointed the finance boss of Tata Motors TAMO.NS, PB Balaji, as its new chief executive, in a move that increases the Indian owner's influence over the UK luxury-car maker.

- Germany's finance minister Lars Klingbeil has criticised Donald Trump's move to interfere with the Federal Reserve's rate policies and fire a chief statistician, saying the US president's actions were politically "wrong".

- Teneo has received a minority investment from an asset manager owned by Liechtenstein's royal family, in a deal that values the advisory group at $2.3bn and ends a long-running process by the firm's owner CVC to sell down its stake.

- The UK government is seeking to cut the time it takes to set up clinical trials by more than two-thirds, as it aims to lure more companies to Britain and boost the life sciences sector.