DS Smith cheers rising turnover

Shares in recycled packaging company DS Smith climbed more than five per cent yesterday after it said like-for-like sales of its key corrugated products in the first half of its current financial year had climbed three per cent on a year ago. The company said the improvement was against tough comparatives from last year and was in line with previously announced targets. As a result of the improving revenues the company says it expects to see strong growth in earnings per share in the half year to the end of October.