Five to buy
DS Smith
The FTSE 100 still contains bargains despite its record high. Packaging giant DS Smith has shrugged off the downturn – operating revenue and margins continue to climb. That demonstrates that the firm has the scale and market power to pass price rises on to customers, an advantage at a time of high inflation. The structural shift towards e-commerce is not going away, and on a forward price/earnings (p/e) ratio of a mere 8.5 the shares
