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Last Updated: Thursday, 16 November 2006, 08:12 GMT
Euronext buoyant as profits rise
Euronext sign
Euronext is set to merge with New York's NYSE Group
Pan-European stock exchange operator Euronext has reported a near 8% jump in quarterly earnings.

Euronext said profits from operations in the three months to 30 September rose to 92.28m euros ($118.3m; �62.6m), from 85.6m euros last year.

The news comes a day after German rival Deutsche Boerse said it was ditching a takeover bid for the Paris-based firm.

Deutsche Boerse had hoped to muscle in on the New York Stock Exchange's agreed $10bn merger with Euronext.

Despite support for the German offer from European leaders including French President Jacques Chirac and German Chancellor Angela Merkel, Euronext refused to be diverted from its tie-up with New York Stock Exchange-owner NYSE Group.

Euronext operates stock exchanges in Paris, Amsterdam, Brussels and Lisbon, and owns London's Liffe derivatives exchange.

The company said it expected the final three months of the year to remain profitable, despite the seasonal slowdown ahead of Christmas.

Revenues during the third quarter rose by almost 12% to 262.24m euros, Euronext said.


SEE ALSO
German bid for Euronext ditched
15 Nov 06 |  Business
Deutsche adjusts Euronext offer
19 Jun 06 |  Business
Merger 'could create LSE rival'
19 Jun 06 |  Business
Deutsche persists with bourse bid
02 Jun 06 |  Business
NYSE and Euronext in $20bn merger
02 Jun 06 |  Business

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