Rathbones hits back as online allegations drive down share price

Rathbones has been forced to issue a statement denying rumours circulating online after its share price dropped more than 7 per cent.

The FTSE-250 listed company issued a statement at lunchtime stating that it was aware of the anonymous allegation on an online discussion forum, believed to be Reddit.

“We are not aware of anything that would give substance to this allegation and are taking strong action. We are alert to the possibility of market abuse.”

Reddit is a news aggregation website and online forum where users can post links or engage in online discussions.