Vitec expects to beat expectations

Fully listed Vitec says that it will report slightly better than expected profits for 2010.The market consensus for the broadcast and military technology supplier is for a profit of £25.1m in 2010. Finance director Richard Cotton is stepping down from the board. Former Manchester United finance director Nick Humby will take over the role in the short-term until a permanent replacement is found. Vitec says that it will announce its 2010 figures on 3 March.