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Loreal


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L'Oreal, Evonik join $38.6 mln funding round for biotech start-up Abolis

L'Oreal, Evonik join $38.6 mln funding round for biotech start-up Abolis Sept 12 (Reuters) - L'Oreal OREP.PA has joined Abolis Biotechnologies's 35 million euro ($38.6 million) funding round alongside speciality chemicals group Evonik EVKn.DE , as part of a deal to develop bio-based ingredients for beauty products, the French cosmetics group said on Thursday.
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Exane says market jitters may prolong interest in Food & HPC sector

BUZZ-Exane says market jitters may prolong interest in Food & HPC sector ** BNP Paribas Exane says further soft-landing jitters may prolong investors' recent interest in the Food & Household and Personal Care (HPC) sector ** Exane notes the sector's relative valuation has seen a substantial correction, with its forward P/E ratio trading at an aroun
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BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M
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Nestlé L’Oréal sale would add sugar to sour fix

BREAKINGVIEWS-Nestlé L’Oréal sale would add sugar to sour fix The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Sept 5 (Reuters Breakingviews) - The new boss of Nestlé NESN.S may have to embark on a painful turnaround. Last month , the $279 billion food giant replaced its CEO with insider Laurent Freixe, who will probably have to sacrifice profitability to win back market share.
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French equities lacking long-term visibility

LIVE MARKETS-French equities lacking long-term visibility STOXX 600 down 0.3% Miners, energy lag Wall Street futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FRENCH EQUITIES LACKING LONG-TERM VISIBILITY 58 days and counting...
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PREVIEW: Ulta Beauty glows heading into report after the bell

BUZZ-PREVIEW: Ulta Beauty glows heading into report after the bell ** Shares of Ulta Beauty ULTA.O up ~1.3% on Thurs with co's Q2 report due after the bell, as investors eye slowing demand for beauty and cosmetics products ** Cosmetics firms including Coty COTY.N , E.l.f. Beauty ELF.N , France's L'Oreal OREP.PA and Estee Lauder EL.N have delivered disappointing results/forecasts recently, signaling strained consumer spending, mainly in China ** ULTA's shares got a boost earlier this month, jumpi
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Estée Lauder makeover will be more than skin deep

RPT-BREAKINGVIEWS-Estée Lauder makeover will be more than skin deep The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Sharon Lam TORONTO, Aug 20 (Reuters Breakingviews) - Estée Lauder's EL.N makeover will require some careful application. The $33 billion cosmetics giant is looking for a new chief executive after Fabrizio Freda announced he plans to retire after 16 years in charge.
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Coty misses revenue estimates on cautious retail orders, Lacoste license sale

Coty misses revenue estimates on cautious retail orders, Lacoste license sale By Ananya Mariam Rajesh Aug 20 (Reuters) - CoverGirl parent Coty COTY.N missed fourth-quarter revenue expectations on Tuesday, impacted by its divestiture of Lacoste fragrance license and controlled orders from cautious retailers, which weighed on growth in prestige and mass-market perfumes.
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PREVIEW: Coty shares edge down; fiscal Q4 EPS, rev seen rising

BUZZ-PREVIEW: Coty shares edge down; fiscal Q4 EPS, rev seen rising ** Shares in cosmetics company Coty Inc COTY.N down 0.7% on Tuesday ahead of fiscal Q4 financial results due after market close ** Wall Street sees co reporting adj. EPS of $0.04 up from $0.01 in year-ago quarter on rev of $1.38 bln, which would be up 1.8% y/y, according to LSEG data ** In last 8 quarters Coty's EPS beat estimates four times with biggest miss in Q4 2023, while rev beat consensus every time ** Slowing China deman
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Estée Lauder makeover will be more than skin deep

BREAKINGVIEWS-Estée Lauder makeover will be more than skin deep The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Sharon Lam TORONTO, Aug 20 (Reuters Breakingviews) - Estée Lauder's EL.N makeover will require some careful application. The $33 billion cosmetics giant is looking for a new chief executive after Fabrizio Freda announced he plans to retire after 16 years in charge.
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Estee Lauder forecasts bleak annual results; CEO Freda to depart

UPDATE 6-Estee Lauder forecasts bleak annual results; CEO Freda to depart Estee's CEO Fabrizio Freda to retire next year Company sees fiscal 2025 sales and profit below estimates Estee beats Q4 sales and profit expectations Updares shares in paragraph 7 and adds CFO comment in paragraph 8 By Ananya Mariam Rajesh Aug 19 (Reuters) - Estee Lauder EL.N forecast annual profit and sales below estimates as the global beauty market struggles with slowing demand mainly in the China market and said CEO Fa
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Anglo American, Metro Bank, Synthomer

EUROPE RESEARCH ROUNDUP- Anglo American, Metro Bank, Synthomer Aug 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Metro Bank and Synthomer, on Thursday. HIGHLIGHTS * Anglo American AAL.L : Bernstein cuts target price to 2,500p from 2,700p * DNB Bank ASA DNB.OL : Citigroup cuts PT to NOK 208 from NOK 220 * Metro Bank MTRO.L : Peel Hunt raises target price to 60p from 30p * Synthomer SYNTS.L : HSBC cuts target pri
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Jefferies ups L'Oreal to 'hold' as market growth normalisation is now priced in

REFILE-BUZZ-Jefferies ups L'Oreal to 'hold' as market growth normalisation is now priced in Removes extraneous words in headline, updates share move ** Jefferies raises L'Oreal OREP.PA to "hold" from "underperform," saying slowing beauty market growth is increasingly priced in to the French cosmetics company's shares ** "With less risk to short-ter
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Crest Nicholson, JDE Peet's, L'Oreal

EUROPE RESEARCH ROUNDUP-Crest Nicholson, JDE Peet's, L'Oreal Aug 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Crest Nicholson Holdings, JDE Peet's and L'Oreal, on Wednesday. HIGHLIGHTS * A.P. Moller-Maersk MAERSKb.CO : Deutsche Bank cuts PT to DKK 9217 from DKK 9283 * British American Tobacco Plc BATS.L : Barclays raises target price to 3100p from 2650p * Crest Nicholson Holdings Plc CRST.L : Peel Hunt cuts to hold from add *
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Douglas upbeat on Europe's premium beauty market despite luxury slowdown

UPDATE 3-Douglas upbeat on Europe's premium beauty market despite luxury slowdown Adds comments from conference call in paragraph 2, 4, 8, cosmetics makers' results in paragraph 3 By Eva Orsolya Papp and Andrey Sychev GDANSK, Aug 14 (Reuters) - Douglas DOU1.DE is betting on the European premium beauty market to keep growing despite a wider luxury market slowdown , the German perfume and cosmetics retailer said after it posted higher quarterly core earnings on Wednesday.
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1 drugs and approvals to underpin Galderma, says JPM

BUZZ-GLP-1 drugs and approvals to underpin Galderma, says JPM ** Shares of Galderma GALD.S rise around 3% after J.P.Morgan initiates the Swiss firm with "overweight", saying it offers an attractive play on the fast growing skin-care market and strong EBITDA margin expansion ** Broker sees the company delivering sustained double-digit revenue growth
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Beiersdorf misses profit forecast, says slow China hit luxury brand sales

UPDATE 3-Beiersdorf misses profit forecast, says slow China hit luxury brand sales Updates share move, adds Q2 growth for consumer business in paragraph 6, management comments paragraphs 11-12 By Eva Orsolya Papp and Marleen Kaesebier Aug 7 (Reuters) - Nivea maker Beiersdorf BEIG.DE missed expectations for half-year operating profit on Wednesday and said the luxury market slowdown in China had hit the sales of its La Prairie brand.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Schaeffler, T&L Sugars, TotalEnergies Aug 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday: ** German machine and car parts maker Schaeffler SHA_p.DE is not interested in a takeover of Continental's automotive division, CEO Klaus Rosenfeld told the Handelsblatt newspaper, adding the company had "completely other priorities".
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** Japan's largest city gas provider Tokyo Gas 9531.T said it will buy a 21.2% stake in the WindFloat Atlantic operational floating offshore wind power project in Portugal to gain experience in operation and maintenance.
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Wall Street Journal - Aug 6

PRESS DIGEST -Wall Street Journal - Aug 6 Aug 6 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - A federal judge ruled that Google GOOGL.O engaged in illegal practices to preserve its search engine monopoly, delivering a major antitrust victory to the Justice Department in its effort to rein in Silicon Valley technology giants.
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