Deutsche Boerse posts fourth quarter loss as it gears up for New York merger

first_img DEUTSCHE Boerse yesterday reported a fourth-quarter loss of €61.2m (£51.6m), yet said it was optimistic for the year ahead as it gears up to merge with the New York Stock Exchange (NYSE).The Frankfurt-based exchange was forced to pay a €453.3m charge on its International Securities Exchange business. The bourse recorded the €61.2m net loss for the three months to 31 December, compared with a €33m loss for the same period a year earlier. The exchange hit revenues of €518.4m for the final quarter of last year, up 2.7 per cent on a year earlier.Analysts had projected a higher loss and lower revenues for the group.Frank Braden, analyst at Standard & Poor’s, said: “We think that Deutsche Boerse is well positioned to benefit from improving equity volume growth.”Braden added: “We remain positive on the proposed merger with the New York Stock Exchange.” Share KCS-content Tags: NULL Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Show Comments ▼ whatsappcenter_img Wednesday 16 February 2011 7:42 pm Deutsche Boerse posts fourth quarter loss as it gears up for New York merger whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img

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