Last-minute lifeline to keep cash afloat

The major banks and some of the country’s largest retailers have extended a last-minute lifeline to Armaguard in a bid to keep the Lindsay Fox-owned cash transport firm alive.

Lobbed last week, the emergency funding package, if accepted by Armaguard, would give the monopoly provider of large-scale cash delivery services financial support in the tens of millions of dollars to allow it to deliver cash until the second half of the year.