May Gurney disposes of boss

The wheels fell off the bin lorry at May Gurney yesterday as it revealed a series of problems and gave its chief executive his marching orders.

The shares fell 91p, or 41 per cent, to 130p. The group, which runs waste and recycling services for several London boroughs, said two such contracts outside the capital had become loss-makers.

Philip Fellowes-Prynne, the chief executive, has left with immediate effect.