More Deutsche cash for Euronext
Reto Francioni, the chief executive of the German exchange, was talking to Euronext shareholders yesterday about changing the terms of its offer to make it more attractive.
Euronext recommended last week that investors back an alternative merger proposal from the New York Stock Exchange.
Meanwhile, staff representatives on Deutsche Börse's supervisory board demanded an end to efforts to merge with Euronext, the operator of the Paris, Lisbon and Brussels exchanges and London's Liffe derivatives business.
Reuters reported that workers' representatives who hold seven of 21 seats on the supervisory board, wrote to Mr Francioni telling him to stop the negotiations with Euronext.
Mr Francioni declared "market integration would strengthen" and national policymakers would be brought closer together. He asked for Euronext to judge Deutsche Börse's proposal on the basis of cost savings, not politics.
On Wednesday, the French President, Jacques Chirac, said: "I favour the Franco-German solution for reasons of principle." The same day, Italy's Economy minister said the ideal outcome was a tie-up between Deutsche Börse, Euronext and Borsa Italiana.
Edgar Meister, a German central banker, and Jean-Claude Trichet, president of the European Central Bank, added their voices to growing calls for Euronext to take a European partner.
New essay by JK Rowling went live on Pottermore site on Friday
Top Gear presenter is no stranger to foot-in-mouth controversy
New UK station Russia Today gives a very bizarre view of Britain
- 1 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 2 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 3 Top Gear presenter Jeremy Clarkson criticised for beer tweet
- 4 Woman blinded as a child can see again after hitting her head on a coffee table
- 5 The bubble bursts for Sodastream
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...
£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...