L’Oreal shares fell at the European Open after the French beauty group posted disappointing sales growth in the fourth quarter, held back by its luxury division and weakness in the region that includes China. Sales rose 6% on a like-for-like basis, L’Oréal said in a statement Thursday, missing analysts expectations for an increase of 6.5%.
Eirik Lie, Kongsberg’s head of its defense & aerospace business told Bloomberg TV he sees demand for anti-missile and anti-drone systems growing and that the firm wants to expand NASAMS [National Advanced Surface-to-Air Missile System] to be a full-spectrum air defense system. Lie spoke with Bloomberg’s Oliver Crook at the Munich Security Conference and also discussed satellite platforms and the outlook for mergers and acquisitions.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:00:33 – Market Check
00:01:43 – AI Scare Trade: Logistics
00:04:20 – Trump Tariff Plans
00:06:37 – Rubio to Meet Zelenskiy at Munich Security Conference
00:09:40 – NatWest Group CEO Paul Thwaite
00:19:50 – S&P 500 Erases Year’s Gains
00:23:06 – Anthropic Finalizes $30B Raise at $380B Value
00:25:27 – Trump Metal Tariffs
00:27:38 – US CPI Data Today
00:34:51 – Ukraine Gets $35 Billion in Military Aid Pledges
00:37:36 – Kongsberg Executive President Eirik Lie
00:47:45 – Stocks to Watch; L’Oreal, Capgemini, Chip stocks
01:05:00 – Europe Defence and Space Minister Andrius Kubilius
01:10:09 – L’Oreal Stock Falls
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