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L'Oreal rallies as sales increase offsets China concerns

FILE PHOTO: A cosmetic display of French cosmetics group L'Oreal is seen at a duty free shop
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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..
Date Published: Feb 07, 2020
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