Verdes hired by AssetCo investors

Shares in troubled fire engine provider?AssetCo jumped 5.9 per cent yesterday after turnaround specialist Verdes Management said it had been appointed to help certain shareholders – although it insisted it was not planning a bid. “AssetCo is regarded by certain shareholders as a business of significant value which is in danger of not being realised by the recent actions taken by the board,” Verdes said in a statement.