RUK

By Ian Walker

LONDON--Anglo-Dutch publishing and information company Reed Elsevier PLC (REL.LN) and Reed Elsevier N.V. (REN.AE) said Thursday it will buy up to 100 million pounds ($156.94 million) of its ordinary shares between Jan. 1, 2015 and Feb. 25, due to its "strong financial position and cash flow characteristics."

The company, which is co-headquartered in London and Amsterdam, said the buyback follows completion of its GBP600 million share buyback program in 2014.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

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