0809 GMT - L'Oreal looks poised to continue to outperform the beauty market, Berenberg's Bethan Davies and Ana Nogueira say. The French beauty group's investments behind its stimulus plan continue to bear fruit, as shown by the acceleration of the sales growth contribution from new launches, the analysts write in a research note. The company reported a strong set of results for the first half, helped by improved beauty market growth, they say. Growth in the beauty industry accelerated in the first six months to around 4.5%, from just above 4% in the first quarter, the analysts say. Berenberg reiterates its buy rating on the stock. Shares are up 0.2%.
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