$50 million lifeline for cash transporter Armaguard | Finance Report | ABC News

Australia's last remaining cash transport company, Armaguard, will get a $50 million bailout from its eight largest customers, including banks, with the company struggling to stay afloat amid declining cash usage.
While the rotation out of tech stocks took its toll on Wall Street at the end of the week and that less-than-positive sentiment has flowed through to the ASX with a 0.8 per cent fall over the session.
Subscribe: ab.co/1svxLVE
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on X (Twitter): / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia

Пікірлер