UK's Videndum jumps on upbeat outlook

Videndum

30/04/2025 09:20

** Shares of hardware and software solutions provider Videndum VIDV.L rise as much as 21.35% to 83p - biggest intraday gain since February 25

** Co expects adjusted operating profit margins to improve to low-single-digit levels in H2 2025, from restructuring activities

** VIDV says it will increase prices as necessary to pass on additional cost from tariffs and may be at an advantage to its majority Chinese competitors

** Co raises 8 million pounds ($10.71 million) in proposed equity raise

** Jefferies analysts say despite uncertainties like U.S. tariffs and slow start to FY2025, there is significant recovery potential over the long-term

** Up to Tuesday's close, stock had risen 43.15% so far this year

($1 = 0.7472 pounds)

(Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com; +919920570373;))