Smurfit Kappa profits increase by 31%

Shares in paper and packaging group Smurfit Kappa jumped more than 3% in early trading yesterday on the back of it posting a 31% increase in quarterly profits and forecasting strong earnings growth for the full year.

The Dublin-based business switched its main share listing to London last month while keeping its Dublin presence as a secondary listing.

The move was instigated to expand its investor base and gain access to the Ftse index.