L’Oreal reiterates upbeat goal

Cosmetics maker L'Oreal reiterated its full-year goal to outperform the market and increase sales and profitability after strong demand for its luxury products helped third-quarter sales meet expectations. Revenue rose 4.8 per cent like-for-like to €4.94bn (£4.2bn) in the three months to 30 September, the seller of Garnier shampoo, Lancome creams and Yves Saint Laurent perfume stated.