S4 Capital tumbles on greater revenue decline forecast
** Martin Sorrell's ad group S4 Capital SFOR.L tumbles 11% to 40 p; stock at it lowest level since March 27
** Among top pct losers across London stocks
** Sees a greater decline in net revenue this year than it previously expected
** Reports a 13.5% drop in like-for-like net revenue for six months ended on June 30
** SFOR adds that cost cuts would keep operational earnings broadly flat
** "Trading in the first half reflects the continuing impact of both challenging global macroeconomic conditions and high interest rates" - Executive Chairman Martin Sorrell
** As of last close, stock down 14% YTD
Reporting by Radhika Anilkumar in Bengaluru;
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