Reed Elsevier expected to report robust full year figures

Reed Elsevier is expected to report “robust” profit growth in its final figures this week, despite failing to sell off its B2B publishing division Reed Business Information, the Independent reports.

According to the FT, Reed is close to agreeing a new deal to extend $2bn of debt by three years.

The FT reports that Reed has about $5bn of debt to refinance before 2012.

RBI staff are currently holding a postal ballot over industrial action in protest against redundancies.

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