Reed Elsevier (LON:REL) reported that revenues in 2010 were flat year on year at £6.06 billion. The company also announced the retirement of Lord Sharman and appointment of Adrian Hennah as a non-executive director.
Kingfisher (LON:KGF) said that total sales in the fourth quarter declined 0.1% and that it expects adjusted full year pre-tax profit to be up over 20% on the prior year and towards the top end of the range of current analyst estimates.
BAE Systems (LON:BA) said that headline sales increased by 1.8% in 2010 and that in 2011 a reduction in sales is anticipated as the volume reduction in Land & Armaments is expected to complete and as the changes arising from the Strategic Defence and Security Review reduce activity in the UK businesses.
TUI Travel (LON:TT) has signed an agreement to enter into a strategic venture with Intrepid Travel, a small group adventure tour operator.
Balfour Beatty (LON:BBY) announced that Balfour Beatty Communities has been selected by the US Department of the Air Force as the "highest ranked offeror" for the privatisation of family housing under the Western Group military housing privatisation project, which includes four US Air Force bases.
SmartFOCUS (LON:STF) announced several new partnerships and a new direct agreement in Asia Pacific that has “strengthened the company's worldwide channel”.
Synchronica (LON:SYNC) announced integration of new advanced transcoding and streaming functionality in Mobile Gateway 6, which it said dramatically reduces network bandwidth consumption and allows users to view complex email attachments even from entry-level mobile devices.