L'Oreal Shares Jump 8 Percent on Strong Sales Growth
The French cosmetics giant reported a 6.7 percent rise in quarterly sales driven by high demand for premium hair products and perfumes in major global markets.
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Shares in AB SA surged more than 8% on Thursday, marking the company's strongest daily performance in four years. The rally followed a first-quarter earnings report from the France based cosmetics giant, which revealed a 6.7% increase in sales. This figure surpassed market expectations and represented the group's fastest quarterly growth in two years.
