Turmoil in credit markets today forced photo booth operator Photo-Me International to abandon plans to break up the business.

Activist shareholders were today successful in forcing out the chairman and chief executive of photo booth firm Photo-Me International.

Activist shareholders today called for the removal of the chairman and chief executive of photo booth specialist Photo-Me International.

Around £150m (€218m) was wiped from the value of Photo-Me International today after the photo booth operator warned it would miss profits hopes.