Gartmore shares have rebounded after the fallout from the suspension of star manager Guillaume Rambourg sent them tumbling last night and early this morning.
As at 12.00 GMT, Gartmore was trading at 126.90p, a rise of 9.4%, or 10.9 points, on last night's closing price. The rise follows a sharp early fall of 10% this morning as the fallout from the suspension of Rambourg continued. The morning fall came on the back of yesterday's dramatic 31% decline. Following consultation with the FSA, Gartmore yesterday suspended Rambourg until conclusion of the investigation into directing trades.
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