Videndum Plc (VID.L), a provider of hardware and software products to the content creation industry, said on Friday that its full-year 2024 results were in line with the guidance provided on December 16, 2024, with a projection for revenue of around 280 million pounds.
As a result of the additional restructuring initiatives, the company has increased its 2025 cost-saving target to 15 million pounds from 10 million pounds previously. These costs are mainly structural in nature and not expected to return as volumes rise. The associated cash restructuring costs related to announced initiatives are now projected to be around 15 million pounds, of which 3 million pounds was incurred in 2024.
The company noted that these measures are positioning Videndum for a strong recovery and expanding margins.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.