L'Oreal SA (OREP.PA)
16 Feb 2018
* Says no intention to increase L'Oreal stake (Adds executive, analyst comments, updates shares.)
VEVEY, Switzerland, Feb 15 Food giant Nestle expects organic sales to grow 2-4 percent this year, it said, after they rose a mere 2.4 percent in 2017, their weakest gain in more than two decades, and a goodwill impairment on its skin health business hit net profit.
Feb 9 The following bids, mergers, acquisitions and disposals were reported by 2200 GMT on Friday:
* European Q4 earnings growth forecast falls to 11 pct (Recasts, adds details, closing prices)
PARIS L'Oreal on Friday underscored its readiness to buy Nestle's 23 percent stake in the world's biggest cosmetics firm were its Swiss shareholder to sell, saying it had access to cash and funding at its disposal.
* Pressure on Nestle from Daniel Loeb (Updates shares, adds details on Nestle)
PARIS L'Oreal stands ready to buy Nestle's 23 percent stake in the firm should its Swiss shareholder choose to sell, and it could finance a purchase through cash, by selling its Sanofi stake or by borrowing, L'Oreal's CEO said.
PARIS, Feb 9 L'Oreal stands ready to buy Nestle's 23 percent stake in the firm should its Swiss shareholder choose to sell, and it could finance a purchase through cash, by selling its Sanofi stake or by borrowing, L'Oreal's CEO said.
PARIS, Feb 9 Shares in French cosmetics group L'Oreal rose on Friday after its fourth quarter sales beat expectations, with a confident outlook for 2018, while comments regarding its intentions on Nestle further buoyed the stock.
PARIS Strong demand in Asia for L'Oreal's luxury cosmetics like Lancome fueled sales growth in the fourth quarter, as the world's biggest beauty products maker faces more muted appetite for its mass market labels, especially in the United States.