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PARIS (Reuters) - L'Oreal's shares rose on Wednesday after the French cosmetics group beat first-quarter sales forecasts.
The stock was up around 1.5 percent in early trading, among the biggest gains on Paris' benchmark CAC-40 index.
L'Oreal reported late on Tuesday higher-than-expected first-quarter sales growth. Across the group, sales rose 11.4 percent to 7.6 billion euros ($8.6 billion), and were up 7.7 percent on a like-for-like basis.
"2019 like for like sales off to a strong start, boosted by Asia," wrote brokerage Liberum, keeping a "hold" rating on L'Oreal shares.
PARIS (Reuters) - Renault (EPA:RENA) unveiled on Thursday a prototype hydrogen fuel cell-powered sports utility vehicle (SUV), as the French carmaker scrambles to catch up with...
By Sonali Paul BRISBANE (Reuters) -Woodside Petroleum's shareholders on Thursday voted for a merger with BHP Group (NYSE:BHP)'s petroleum arm to create a top 10 global independent...
By Susan Mathew (Reuters) -European shares slumped 1.7% on Thursday following a sharp sell-off on Wall Street, as dismal results from big retailers underlined the hit from surging...
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