DS Smith raises savings forecast

DS Smith told investors yesterday that it expects to save more than expected from its acquisition of SCA Packaging, 100 days after it bought the Swedish firm. The packaging firm expects cost synergies of €100m (£80.5m) per year over the next three years of ownership – higher than the €75m per annum it predicted just after its made the acquisition in June.

The previous prediction of €25m per year for 2012-2013 is maintained.