Rathbones warns of possible market abuse on share price fall

Share price fell 10.3%

Rathbone Brothers has said the major share price fall suffered in Friday's trading coincided with an "anonymous allegation" made in an online discussion forum.

The group's share price had fallen 10.3% to £23.60 by 12.20pm but has since recovered to £24.50, although this is still a 7.5% decline. In a stock exchange announcement, the firm said it was alert to the potential for any abuse in the market, however it did not expand on what allegations were made in the forum. S&W seeks IPO after Rathbone merger talks break down A spokesperson said in a statement: "Rathbones is not aware of anything that would give substance to this anonymous allegation." The announcement said: "Rathbones notes the movement in its share price this morning which...