L'Oreal SA (OREP.PA)
22 Aug 2017
* Shares down 4.7 pct, hit lowest since February (Recasts, adds CEO comments, background)
PARIS L'Oreal shares retreated on Friday from a record high reached last month, due to disappointment over first-half results which missed consensus forecasts.
PARIS Cosmetics company L'Oreal on Thursday predicted it would make a record profit margin this year as it posted higher first-half sales and earnings boosted by growth in luxury products and emerging markets.
* L'Oreal strikes upbeat note over outlook (Adds detail, background)
PARIS, July 27 Cosmetics company L'Oreal struck a confident note on Thursday as it posted higher first-half sales and profits, boosted by growth in luxury products and emerging markets.
A federal appeals court on Tuesday revived a patent attorney’s lawsuit against L'Oreal USA Inc, ruling that his claim that the cosmetics company fired him for refusing to file what he considered poor quality patent applications was covered by New Jersey's whistleblower law.
PARIS, June 29 Tethys Invest, an investment fund of L'Oreal's largest investor, the Bettencourt-Meyers family, said on Thursday it had bought a minority stake in French private hospital group Elsan.
* L'Oréal announces that the contract for the sale of The Body Shop to Natura was signed after receiving the advice of L'Oréal's Works Council, regarding this deal which was previously announced on 9 June
* Nestle shares up 4.3 pct, touch record high; L'Oreal up 3.9 pct
MILAN European shares rose on Monday as banks rallied after Italy reached a deal to wind up two failed regional banks and Nestle climbed to a new record after an activist investor urged changes at the consumer bellwether.