world business BRIEFING | EUROPE: France: Sales Rise at LâorÃ©al
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LâOrÃ©al, the cosmetics maker, said second-quarter sales rose 10 percent on gains in Eastern Europe and Asia and a recovery in North America. Sales rose to 4.25 billion euros ($5.85 billion) from 3.85 billion euros a year earlier. LâOrÃ©al, based in Paris, has expanded in emerging markets from Russia to Brazil to stoke growth as customers in those countries spend more money on cosmetics products. âOur most dynamic category was skin care,which has a lot of added value,â the chief executive, Jean-Paul Agon, above, said on a conference call.
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PARIS / LONDON: France said on Wednesday it will sell up to 12.1% of France Telecom to raise â¬5.8 billion ($6.9bn) and help cut national debt in Europeâs largest placing in four years.
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France launched the sale of at least 9.6 percent of France Telecom, a move that could raise up to 5.8 billion euros ($7.1 billion) that will be used to help the French government reduce its national debt.
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Business: 8 September 2004, Wednesday. A leading French company for beauty, health and fitness innovations has stepped on the Bulgarian market.
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Air France KLM on Thursday reported  second quarter operating earnings up 7.8 percent to 568 million  euros ($731 million) and hiked its merger synergy targets as it  remained confident on full-year earnings.
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Businesses saw inventories rise in July as sales picked up, the government reported Wednesday.
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PARIS Japanese automakers are continuing their steady gains in the European auto market, industry executives said here Thursday, with Toyota and Honda predicting significant increases in sales this year and next, despite heated price competition and
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European equity markets were stronger on Friday, extending six year highs, as retailers and utilities jumped on merger and acquisition activity.
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Bangladesh reports a 28% jump in exports in July, boosted by strong demand in Europe for clothing and other textiles.
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Credit Agricole , France's biggest retail bank, reported a 12-percent rise in year-on-year third-quarter net profit that was above the average market forecast, although earnings fell from previous quarters.
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US retail sales rose by more than expected in September, easing worries that growth in the world's top economy is in danger of slowing down.
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French industrial output soared in September as the car sector bounced back from a summer slowdown, figures show.
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Sales in Europe were especially strong, rising 24 percent, the software maker says.
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Europe&#39;s main stock markets jumped higher thanks to takeover talk in the banking, travel and stock exchange sectors, dealers said Wednesday.
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The world's largest watchmaker, Swatch Group AG, said Wednesday that its 2004 sales rose more than 4 percent to 4.15 billion Swiss francs (&#36;3.49 billion) from 3.97 billion francs the previous year, largely due to good results from its luxury watch business.
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French drink empire Pernod Ricard announced on Thursday that its net profits rose by 18.0 percent over the past six months, thanks to a boost from its top global brands.
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Sales jump more than 21% in December as the French race to snap up big cars before new emissions law.