Increased demand for sustainable packaging boosted Smurfit Kappa Group's performance in the third quarter.

The packaging giant hailed a "strong" performance as its earnings before tax and interest increased by 11% year-on-year to €1.25 billion (£1.1 billion) for the first nine months of the year.

The company said that revenues jumped 3% to €6.85 billion (£5.9 billion) for the three quarters to September, despite macroeconomic and political challenges.

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Tony Smurfit, chief executive officer of the group, said consumers are "increasingly demanding sustainable packaging solutions" and the company is "ideally positioned" to take advantage of this trend.

Shares in the company lifted 1.7% higher at 2,586p.

Drugmaker GlaxoSmithKline (GSK) has upgraded its earnings forecast as its shingles vaccine performed much better than expected, for the second time in a year.

Shingrix grew nearly 90% to £535 million as it continued to expand in the US, boosting overall vaccines turnover by 20%.

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Partly as a result, total revenue hit £9.39 billion, compared to the £9.04 billion analysts had forecast.

Adjusted earnings per share (EPS) were 38.6p in the quarter, compared to the 33p analyst consensus.

The company now expects its full year earnings to be flat after it told shareholders in July to be wary of a 3% to 5% drop.

GSK has already upgraded its outlook once this year on a strong performance from Shingrix.

Investors rewarded the news, sending shares up as 2.9% to 1,788.2p in the minutes after the results, their highest point in years.

Deutsche Bank slumped to an €832 million (£718 million) loss in the third quarter as it was hit by costs from its major restructuring programme.

The German lender saw shares dive after it announced the restructuring plans which will result in around 18,000 job losses.

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It has been reported that the axe could fall heavily in the UK as it looks to slash roles in its equity trading division.

The quarterly loss follows a €3.1 billion euros (£2.7 billion) loss in the second quarter.

The bank said it is still aiming to break even in 2020 but analysts have raised concerns about the bank's ability to raise revenue.