UK drugmaker GSK under fresh pressure to sell consumer arm

Hedge fund Bluebell also demands replacement of GlaxoSmithKline chairman Sir Jonathan Symonds

The British drugmaker GlaxoSmithKline has come under fresh pressure to sell off its consumer arm and carry out a change of leadership, with a hedge fund demanding the appointment of a new chairman.

Bluebell Capital Partners, an activist London-based hedge fund that has taken a small stake in GSK, has written to the company to demand that Sir Jonathan Symonds be replaced as chairman.

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