Shares in global cosmetics leader L'Oreal slumped by 3.94 percent in early trading on Wednesday in response to second-quarter sales figures judged disappointing by analysts. L'Oreal said that sales growth in the second quarter fell to 0.9 percent despite a 5.0-percent sales increase over the whole of the first half to 10.1 billion euros ($14.4 billion). Analysts said the slowdown reflected disappointing results in Europe where sales grew by 1.4 percent in the first half. L'Oreal said that half-year sales grew by 10.1 percent in new markets. In the second quarter, 4.9 billion euros in sales was below the 5.09 billion-euro forecast compiled from analysts by Dow Jones Newswires. The price of shares in the group fell 3.94 percent to 84.43 euros in a slightly falling market.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits recordMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor