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Stock Market & Financial Investment News

News Breaks
February 11, 2013
12:22 EDTLRLCYL'Oreal to recommend increasing dividend 15%, new EUR500M buyback plan
The company said, "The Group is thus well prepared to outperform the market in 2013, and to achieve another year of sales and profit growth. The Board of Directors has decided to propose to the Annual General Meeting of April 26, 2013 the payment of a dividend of 2.30 euros per share, an increase of 15% compared with the previous year, and the setting up of a new share buyback plan amounting to 500 millions in the 1st half of 2013."
News For LRLCY From The Last 14 Days
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December 18, 2014
10:07 EDTLRLCYFrance's antitrust authority fines Colgate, Unilever, P&G, WSJ reports
France's Autorité de la Concurrence has fined consumer product companies including Unilever (UN, UL), Procter & Gamble (PG), Reckitt Benckister (RGBLY) and Colgate (CL) a total of EUR345.2M for anticompetitive practices between 2003-2006, The Wall Street Journal reports. L'Oreal (LRLCY), Gillette and Beiersdorf were fined EUR605.9M in total. Reference Link
07:22 EDTLRLCYL'Oreal denies anticompetitive activity
L'Oréal has been informed of the French Competition Authority's decision to rule against manufacturers of household and hygiene products concerning events which took place in the early 2000s. L'Oréal refutes accusations of anti competitive activity with its competitors, and regrets that the French Competition Authority did not take into account the highly competitive French market in hygiene products as illustrated by the number of manufacturers and retailers present on the market, the large choice of products available to consumers, and the degree of innovation and number of launches. L'Oréal is extremely surprised by this decision and the amount of the fine which are totally out of proportion. L'Oréal will appeal this decision.

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