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BUZZ-DS Smith: strong H1 results pin hopes for future

Reuters - UK Focus

** British packaging provider DS Smith Plc (LSE: SMDS.L - news) 's rises as much as 7.4 pct to 5-mth highs after co reports 45 pct rise in H1 pretax profit

** DS Smith, which has been expanding in the European market mainly Spain, Greece and Turkey, expects business to grow despite ongoing economic headwinds in many of its markets

** Investec (LSE: INVP.L - news) highlights tailwinds into H2 for co including better margins, further cost savings (20 mln euros in H2) & likely improvement in plastics

** Of 13 analysts covering stock, 9 have "buy" ratings, Thomson Reuters data shows (aashika.jain.thomsonreuters.com@reuters.net)