L'Oreal enjoys 9% increase in sales

French cosmetics giant L'Oreal has said its revenue grew strongly in the first quarter of the year, driven by booming sales in emerging markets.

The company behind Maybelline cosmetics and Garnier hair products pulled in 5.6 billion euros (£4.6 billion) in revenue from January to March - a 9.4% increase over the same quarter last year and more than the consensus expectation of analysts surveyed by FactSet of 5.5 billion euros (£4.5 billion).