Six senior managers and directors at Gartmore, including chief executive Jeff Meyer, have bought £557,162 (€666,922) worth of shares between them in a show of confidence in the asset manager. But one prominent name has not joined in the buying spree - star manager and major shareholder Roger Guy.

The directors bought substantial chunks of shares on Wednesday, according to a string of stock exchange announcements yesterday. Meyer bought £348,690 worth of stock. Dominic Rossi, the group's chief investment officer, Philip Wagstaff, its global head of distribution, and Keith Starling, its chief financial officer, each bought £49,601 worth.