UK's Videndum bottoms FTSE small caps on tepid annual revenue forecast
** Shares of content related hardware and software solutions provider Videndum VIDV.L down 10.9% at 228p; top loser on FTSE small cap index .FTSC
** Projects FY24 revenue to be about 280 mln pounds ($353.72 mln) lower than 306.9 mln pounds reported last year
** Flags slower than expected market recovery; sees 10 mln pounds of cost savings in FY24
** "While there is still significant recovery potential and restructuring costs to come through, management has to manage costs and cash as best it can, market recovery is slower-than-expected, and indebtedness needs to come down," - Analysts at Jefferies
** Including session's losses, stock down 32.5% YTD
($1 = 0.7916 pounds)
Reporting by Dhanush Vignesh Babu in Bengaluru
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