Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1674
    +0.0017 (+0.15%)
     

  • GBP/USD

    1.2498
    -0.0013 (-0.10%)
     

  • Bitcoin GBP

    51,193.80
    -502.04 (-0.97%)
     

  • CMC Crypto 200

    1,333.28
    -63.26 (-4.53%)
     

  • S&P 500

    5,103.17
    +54.75 (+1.08%)
     

  • DOW

    38,276.10
    +190.30 (+0.50%)
     

  • CRUDE OIL

    83.84
    +0.27 (+0.32%)
     

  • GOLD FUTURES

    2,352.00
    +9.50 (+0.41%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

L'Oreal sales fall in first quarter, e-commerce surges

Reuters
·1-min read
FILE PHOTO: A woman walks by the logo of French cosmetics group L'Oreal in the western Paris suburb of Levallois-Perret

PARIS, April 16 (Reuters) - Maybelline make-up manufacturer L'Oreal OREP.PA on Thursday posted a 5% fall in comparable first quarter revenue, after lockdowns in China and elsewhere to fight the coronavirus pandemic hit demand and sparked store closures.

The French firm - the world's biggest cosmetics company, which is also home to brands like Lancome - said sales in the January to March period stood at 7.2 billion euros, down 4.3% on a reported basis from a quarter earlier.

That marked a 4.8% drop like-for-like, which strips out the effects of acquisitions and currency swings, and broadly in line with L'Oreal's latest guidance.

The company said online sales had surged in the first quarter, while demand in China had begun to pick up again as coronavirus restrictions there are eased.

(Reporting by Sarah White; editing by Richard Lough)