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Morning news wrap: Tesco, Cadbury, Kraft, Balfour Beatty, Debenhams, Interserve

In the FTSE 100, retailer Tesco (LSE: TSCO) reported record Christmas sales, which climbed 7.5% in the six weeks to 9 January.

Chocolatier Cadbury (LSE: CBRY) published further reason to reject the takeover offer from American food giant Kraft (NYSE: KFT), including a 5% increase in business revenue and a trading margin of 13.5%. The company expects to up the full year dividend by 10%.

In the FTSE 250, Balfour Beatty (LSE: BBY) has been awarded AMP 5 capital programme contracts worth in excess of £600 million.

Retailer Debenhams (LSE: DEB) said like for like sales were up 0.1% year on year in the 18 weeks to 2 January.

Maintenance and building group Interserve (LSE: IRV) also reported a series of contract wins totalling £350 million.

In AIM, IdaTech (AIM: IDA) said its full year revenues increased top US$6.6 million from US$5.9 million as fuel cell system sales volumes were ahead of expectations.

Disclosure: The author holds no positions in the companies