PRESS DIGEST-Financial Times - Jan 20

Jan 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.


- Unilever rules out increasing £50 bln bid for GSK unit after backlash

- Failed power supplier Bulb owed £254 mln to customers from prepaid bills

- UK financial watchdog proposes tougher rules for crypto adverts


- Unilever Plc has ruled out increasing its 50 billion pound ($68.05 billion) offer for GlaxoSmithKline Plc’s consumer health business, in a climbdown that comes after an intensifying investor backlash.

- Bulb Energy owed 254 million pounds to customers who had paid for their electricity and gas in advance when it had to be bailed out with a 1.7 billion pound UK taxpayer loan last year, according to administrators.

- The UK’s financial watchdog, the Financial Conduct Authority, plans to tighten the rules for advertising high-risk investments as it prepares to take over responsibility for cryptocurrency promotions, raising further questions over how digital asset firms will be able to market their services.

$1 = 0.7348 pounds Compiled by Bengaluru newsroom