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Cost spike fails to dent Euronext

Euronext made record profits last year despite fees associated with the New York Stock Exchange merger contributing to a 7.7% spike in costs, as "positive market conditions" fuelled revenue growth across the business.

Euronext reported 2006 revenues up 14.6% to €1.1bn ($1.5bn). The exchange group credited "ongoing positive market conditions for nearly every business unit" for the record revenues, which topped the €1bn mark for the first time. Sales reached €961.8m in 2005.

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