L'Oreal rallies as sales increase offsets China concerns

PARIS (Reuters) - L'Oreal's shares rose on Friday after fourth-quarter earnings from the French cosmetics company helped to offset concerns over the impact of China's coronavirus health crisis on its business.The company's shares were up around 3.4% in early trading on Friday after L'Oreal reported late on Thursday that fourth-quarter revenue had risen 11.4% to 7.9 billion euros (£6.7 billion).The maker of Maybelline cosmetics said China's coronavirus crisis would have only a short-term hit on..