LSE bidder offers 10% fee cut

One of the potential bidders for the London Stock Exchange (LSE) outlined details of its plans today – but kept the market guessing on how much it might pay.

One of the potential bidders for the London Stock Exchange (LSE) outlined details of its plans today – but kept the market guessing on how much it might pay.

Paris-based Euronext, which is competing against German rival Deutsche Boerse for the LSE, said it believed a tie-up could produce €203m (£139.8m) in annual cost savings and increased revenues.

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