Russell Lynch: In defence of Miles Roberts...

Outlook The superbly named Miles Roberts is in hot water this week over the £201,000 allowance paid to the DS Smith boss following the move of the packaging firm’s head office from Maidenhead to Euston Road – which actually shortened the commute of the Hertfordshire-based Mr Miles.

But there’s no mileage in cheap shots. Miles needs to be in London, you see, to spend time with “important shareholders”, according to Smith’s chairman Gareth Davis. Investors will be delighted that they’re shelling out to see more of Mr Roberts.

One look at the share price – virtually unmoved in the past year – suggests that might be time and money well spent.