The shares of the British waste management company, Shanks fell more than 15 per cent after the group announced that it ended talks with a private equity investor, Carlyle for a possible sale of business.

The board of Shanks had valued the firm at 150 pence per share however Carlyle indicated that it can offer only 120 pence per share under a revised offer by way of cash payments for the group. The offer is even lower than the