GlaxoSmithKline said to consider sale of Horlicks in the UK
GlaxoSmithKline was in focus on Wednesday amid reports the pharmaceuticals giant is looking to sell off its Horlicks business.
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According to the BBC, it wants to sell the business in the UK but keep it in India, where it is marketed as a nutritional drink to children and has seen strong growth.
Meanwhile, ITV's Robert Peston said a source was insistent that Glaxo was trying to sell off Horlicks as a preparation for Brexit. According to a second source, however, the sale plans have nothing to do with Brexit.
Glaxo declined to comment on the reports.
At 1130 BST, the shares were up 0.2% to 1,603.50p.