Friday Morning View From Europe

by: Dealing Floor

From DealingFloor:

- L’Oreal Agrees to Buy Body Shop for $1.14 Billion to Add Natural Cosmetics
- Legal & General Full-Year Net Doubles on Sales of Pensions, Investments
- Crude Oil Is Near Two-Week High as U.S., Iraqi Forces Start Air Assault
- Tchenguiz May Plan Sale of 10 Hilton Hotels for $878 Million, FT Reports
- Minara Says Nickel Demand Will Grow by 5 Percent on Consumption in Asia

- Arcelor said most European shareholders aren’t backing a hostile $23.2 billion
takeover bid by Mittal Steel Co.

- Corus Group Plc wants to team up with a company in a developing country to
lower production costs, Handelsblatt said, citing an interview with
Chief Executive Officer Philippe Varin.

- Schering was granted FDA approval for its YAZ drug, which will be available in
the US in April.

- Vodafone Group is close to reaching an agreement over the 9bln sale of its
Japanese unit to Softbank (NYSE:FT).

- Body Shop will be acquired by L’Oreal for about GBP 652m or 300p per share.

- Legal & General Group Plc, the worst performing U.K. life insurance stock in
the past year, said profit more than doubled in 2005 on increased sales of
pensions and investment products. Net income climbed to 944 million pounds
($1.66 billion), or 13.95 pence a share, from 463 million pounds, or 6.87 pence
a share, a year earlier.