May Gurney Falls on Waste Contracts as CEO Quits: London Mover
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May Gurney Integrated Services Plc fell the most since it sold shares in 2006 after the recycling services and road repair provider said it will “significantly underperform” expectations and the CEO will step down.
May Gurney has experienced “serious operational issues” in two long-term waste and recycling contracts and in plans to exit the facility services business, the Norwich, England-based company said today in a statement. Chief Executive Officer Philip Fellowes-Prynne is stepping down immediately.