Gartmore shares soar on Rambourg's return

Gartmore's share price has surged 17.4% following the return of suspended fund manager Guillaume Rambourg today. Shares were up 24 points to 166.8p following the news that Rambourg has rejoined the group as an investment analyst on the European large cap team. He will be restored as a fund manager once Gartmore completes its application to the FSA. While Rambourg was found to have breached internal company controls, the firm says the investigation found no suggestion of dishonesty or a lack of integrity in his actions and found no evidence clients suffered losses from the breaches. ...