Gartmore shares closed Wednesday almost 8% up at 125p after the fallout from the suspension of star manager Guillaume Rambourg hit its stock yesterday afternoon and early this morning.
The stock was up 9p on yesterday's closing 116p price. It follows a sharp early fall of 10% this morning as the fallout from the suspension of star manager Guillaume 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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