Packaging giant DS Smith is to return to the London stock market in a boost for the City – just a year after it was taken over by US rival International Paper (IP). The new company is expected to be called DS Smith and will have a primary listing on the London Stock Exchange as well as being listed in New York. And it will add to optimism for the London market this year as hopes build of initial public offerings (IPOs) following a dearth in recent years. It will retain a ‘meaningful ownership stake’ in the revived DS Smith, which will operate across 30 countries. DS Smith’s return is the latest boost for the London market after the FTSE 100 passed the 10,000 mark – with investors looking for opportunities outside the US as Donald Trump’s chaotic policy-making causes havoc.