The share price of embattled asset manager GAM fell by 30% after it revealed a drop in its profits before tax for the 2018 financial year and warned 2019 results would also be negatively affected, as it embarks on a major restructuring programme.
GAM has suffered huge share price falls this year as it has been hit by a raft of negative headlines. Its shares are now trading at CHF3.26 on the SIX Swiss Exchange, having fallen by around 80% so far...
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From 6 April 2019