City snapshot: Coca-Cola mulls £3bn swoop for GSK’s Horlicks

Coca-Cola is reported to be one of the clutch of multinational fmcg firms lining up to bid for Horlicks after GlaxoSmithKline decided to sell the 145-year old business. Plus, packaging firm DS Smith posts strong rise in sales and profits, Heineken to invest £40m in UK pubs and all the rest of the latest news from the City.