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gategroup shares recover

gategroup shares bounced back on Monday, up 2.5%, following the news last week that it was subject to a CHF22 million fraud at a subsidiary. The shares had dropped to a five-month low before recovering.

Elsewhere, the Airport Authority Hong Kong (AAHK) announced the results of a recent tender notice for specialty brands at HKIA Terminal 1, which will result in the introduction of 16 luxury and concept stores, with six newcomers.

Selected Duty Free daily share price movements (% change): 1-Mar-2011