Euronext, the European exchange operator, said today that it is ready to work on fresh solutions to effect a merger with German rival Deutsche Börse. It also promised to return nearly €1bn ($1.2bn) to shareholders over the next two years.

In a statement which accompanied its annual results, Euronext said: "While there are differences between the respective business models and views, Euronext welcomes the invitation to discuss these issues and intends to work constructively with Deutsche Börse to try to find creative solutions to bridge the gaps."