(Sharecast News) - L'oreal shares surged on Thursday after the French beauty company reported a 7.6% increase in like-for-like first-quarter sales, outperforming the wider market.

LFL sales rose to €12.5bn, and were up 3.6% on a reported basis. LFL adjusted sales grew 6.7%.

L'Oreal, which owns Maybelline, Lancome and...

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