PRESS DIGEST-Financial Times - Jan 20

Headlines - Unilever rules out increasing £50 bln bid for GSK unit after backlash https://on.ft.com/33VLOmw - Failed power supplier Bulb owed £254 mln to customers from prepaid bills https://on.ft.com/3GK65dh - UK financial watchdog proposes tougher rules for crypto adverts https://on.ft.com/3KmOLxb Overview - 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.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Unilever rules out increasing £50 bln bid for GSK unit after backlash https://on.ft.com/33VLOmw - Failed power supplier Bulb owed £254 mln to customers from prepaid bills https://on.ft.com/3GK65dh

- UK financial watchdog proposes tougher rules for crypto adverts https://on.ft.com/3KmOLxb Overview

- 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)

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