Shares in cosmetics group L'Oreal (OREP.PA) rose on Friday after the death of 94-year old billionaire Liliane Bettencourt, who had the largest stake in the company and whose passing may alter the ties between L'Oreal and Nestle (NESN.S). L'Oreal shares were up around 5 percent in early session trading, the best performer on France's benchmark CAC-40 index (.FCHI) and on the pan-European STOXX 600 index (.STOXX). Bettencourt's family owns 33 percent of L'Oreal.
European stocks open lower Friday morning as geopolitical concerns take center stage.
Recent weeks have seen European stocks recover summer losses but past performance suggests the German Federal election could threaten some of the momentum.