|Bid||167.00 x 6000|
|Ask||169.85 x 35000|
|Day's range||184.85 - 186.95|
|52-week range||156.85 - 197.15|
|PE ratio (TTM)||28.75|
|Earnings date||7 Feb 2018 - 12 Feb 2018|
|Forward dividend & yield||3.61 (1.70%)|
|1y target est||188.89|
L'Oreal, the world's biggest cosmetics company, beat third quarter sales expectations on Thursday thanks to surging demand from Chinese consumers and strong appetite for Lancome and its other luxury brands. Robust revenue growth in L'Oreal's high-end skincare and make-up ranges helped offset a sluggish performance in its mass market products, echoing a mixed earnings season for rivals who compete in some of these areas, such as Unilever (NYSE: UL - news) . France's L'Oreal said demand from Chinese buyers - not just at home but in airport stores or other countries - had in particular driven growth, with younger consumers lapping up luxury products.
U.S. companies are still among the most ambitious in setting targets to combat global warming despite President Donald Trump's plans to quit the 195-nation Paris climate agreement, a 2017 survey showed ...
L'Oreal (OREP.PA), the world's biggest cosmetics company wants to see more beauty tech like sensory hair brushes that tell you how to care for your hair, and skin patches that let you know how much sun you are getting. L'Oreal makes an ever greater slice of sales online and has rolled out services and items for tech-savvy consumers, such as a phone app for virtual make-up tests. The French group said it was looking to develop more inventions at a site for start-up companies in Paris, where 10 to 12 firms will work on projects with L'Oreal every year.
Société anonyme au capital de 111 976 761 € Siège social : 14, rue Royale, 75008 Paris 632 012 100 R.C.S. Paris Legal Entity Identifyer : 529900JI1GG6F7RKVI53 Disclosure of total number of voting rights ...
Buyout fund CVC Capital Partners' strategic opportunities platform and the L'Oreal family's Tethys Invest have entered exclusive talks to acquire a majority stake in France's Sebia, the companies said ...
L'Oreal (OREP.PA) said on Thursday it would appeal a 2.6 million euro ($3 million) fine imposed by Greece's competition authority, which ruled that the French cosmetics company and several of its rivals were fixing prices. The local beauty products business of France's Christian Dior - part of luxury goods group LVMH (LVMH.PA) - was also fined just under 1.8 million euros, while U.S.-based Estee Lauder (EL.N) got the biggest fine, at 5.4 million euros. Three Greek companies were included in the six.
L'Oreal (OREP.PA) said on Thursday it would appeal a 2.6 million euro (2.32 million pounds) fine imposed by Greece's competition authority, which ruled that the French cosmetics company and several of its rivals were fixing prices. The local beauty products business of France's Christian Dior - part of luxury goods group LVMH (LVMH.PA) - was also fined just under 1.8 million euros, while U.S.-based Estee Lauder (EL.N) got the biggest fine, at 5.4 million euros. Three Greek companies were included in the six.
LONDON/ZURICH, Sept 26 (Reuters) - Nestle (Swiss: NESN.VX - news) set a profit margin target for the first time on Tuesday, responding to an industry slowdown and pressure from activist investor Third Point for greater near-term returns from the world's largest packaged food company. While many multinationals turned to cost-cutting, inspired by industry-leading margins at Kraft-Heinz, Nestle and rival Unilever (NYSE: UL - news) had argued that cutting too deep to deliver margin growth is a short-term solution.
German perfume and cosmetics retailer Douglas has appointed former Opel marketing boss Tina Mueller as its chief executive, replacing Isabelle Parize who is stepping down. Mueller, who worked in the beauty ...
LONDON/MILAN, Sept 22 (Reuters) - European shares steadied on Friday, as tensions over North Korea kept some investors on the sidelines ahead of a national election in Germany that conservative Chancellor Angela Merkel looks set to win. French cosmetics giant L'Oreal was a notable gainer on speculation about ownership changes, rising as much as 6.7 percent after billionaire Liliane Bettencourt, whose family founded the firm and still owns the largest stake in it, died.
European shares fell in early deals on Friday on fresh tension on the North Korean front, while L'Oreal rallied in Paris on talk about possible ownership changes at the cosmetics giant. L'Oreal rose more ...
L'Oreal dropped British transgender model Munroe Bergdorf after comments she made in a now-deleted Facebook post reacting to events in the US city of Charlottesville
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 said its first-half operating profit rose 7.1 percent from a year ago to 2.53 billion euros ($2.95 billion), while revenue increased by 4 percent to 13.41 billion euros. L'Oreal sold The Body Shop earlier this year and it said the earnings boost from that disposal, along with its first-half results, made it well placed for the rest of 2017.
GlaxoSmithKline (Other OTC: GLAXF - news) 's new chief executive announced plans on Wednesday to narrow the focus of the group's drug research by ditching more than 30 drug projects to improve returns in its core pharmaceuticals business. Emma Walmsley, who took over in April, said GSK would in future allocate 80 percent of its R&D budget to respiratory and HIV/infectious diseases, along with two other potential areas of oncology and immuno-inflammation. It also plans to stop selling the struggling diabetes drug Tanzeum and end a collaboration with Johnson & Johnson (NYSE: JNJ - news) over experimental rheumatoid arthritis drug sirukumab, as well as divesting around 130 old drugs with limited sales.
GlaxoSmithKline (Other OTC: GLAXF - news) has appointed former Wal-Mart Stores executive Karenann Terrell to the new senior position of chief digital and technology officer as the drugmaker looks to harness smart tech systems across the group. The move reflects a desire by Chief Executive Emma Walmsley, who took over in April, to apply digital platforms in everything from clinical trials to customer interactions.
Activist investor Daniel Loeb is keeping up pressure on Nestle by sharing views with the company as part of a regular dialogue, a source familiar with the matter told Reuters. Nestle, Europe's most valuable public company, announced a 20 billion Swiss franc ($21 billion) share buyback programme last month coupled with a plan to increase leverage and prioritise acquisitions in high-growth areas as it battles slowing demand for packaged food. The move came just two days after the billionaire hedge fund manager urged Nestle to more aggressively improve returns as his Third Point fund revealed a $3.5 billion stake that made it Nestle's eighth-largest shareholder.
ZURICH/LONDON, June 28 (Reuters) - Nestle's plan to shore up its capital structure, announced only days after being thrust into the spotlight by activist shareholder Third Point, was received by investors as a precursor to bigger changes under the company's new leadership. Shares (Berlin: DI6.BE - news) in the world's largest foodmaker rose as much as 2 percent on Wednesday, close to the record high touched on Monday after the New York-based hedge fund disclosed a $3.5 billion stake and urged Nestle to buy back shares, set a target for margin growth and shed non-core assets including its stake in L'Oreal. It added that the measures were the result of a review instigated at the start of the year after Mark Schneider took over as chief executive.
LONDON/ZURICH, June 27 (Reuters) - Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York-based hedge fund, controlled by billionaire investor Daniel Loeb, disclosed a $3.5 billion stake in the company late on Sunday when it started pushing for Nestle to more aggressively boost performance and buy back shares. Nestle, maker of Gerber baby food and Perrier water, said its announcement was the result of a review of its priorities that had begun in early 2017.
AMSTERDAM/LONDON, June 26 (Reuters) - When billionaire activist investor Daniel Loeb wanted to give his arguments against Nestle (Swiss: NESN.VX - news) 's performance greater credibility and heft, he turned to one of Europe's most experienced turnaround experts, Dutchman Jan Bennink. Loeb's fund, Third Point LLC, disclosed a $3.5 billion stake in the Swiss food group in a letter to its investors late on Sunday in which he said Nestle should boost margins, buy back shares and get rid of non-core businesses including a 23 percent stake in L'Oreal. "Jan has direct operating experience in four of Nestle's key categories: coffee, baby food, medical nutrition, and dairy, as well as an unimpeachable record of substantial shareholder value creation," Third Point said in its letter.
LONDON/NEW YORK, June 26 (Reuters) - U.S. activist shareholder Third Point LLC has targeted Nestle by taking a $3.5 billion stake in the food maker and urging Europe's most valuable company to boost returns as demand for its products weakens. Nestle shares jumped as much as 4.8 percent on Monday, touching a record high after Third Point disclosed its position late on Sunday in a letter to the hedge fund's investors. Third Point's 40 million shares - or 1.3 percent of the total - make it Nestle's eighth-largest shareholder, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data.
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 ...