Fire and rescue services group AssetCo said it had been informed by a client in Abu Dhabi that it would no longer require its services.

The country's Presidential Special Guard had served three months' notice to the company amid an intention to transfer fire fighting services to a provider responsible for the entire Abu Dhabi military, AssetCo said.

'AssetCo management are in the early stages of discussions on the future arrangements with the major client which will be ongoing over the coming months,' it added.

At 1:32pm: (LON:ASTO) AssetCo PLC share price was -15p at 370p