As you may have noticed this week’s fiver is a little, well, smaller. Importantly however, it’s still perfectly formed! It’s a new format designed to fit in around what we know are normally busy Friday afternoons. We hope you approve and do let us know what you think.
1. Merlin fails to wave magic wand – Project Merlin’s official data this week confirmed what most people already knew, principally that the banks have missed their SME lending target of £76bn.
2. A case of impeccable timing – Good news then that later this week companies with a turnover of up to £41m will now be able to apply for the Enterprise Finance Guarantee Scheme and four new lenders have been accredited for the EFG scheme including Metro bank.
3. Inflation signals reprieve for consumers – Though expected, the news of a decrease in the rate of inflation is welcome news to household budgets and savers, as Lucy Tobin pointed out this week.
4. Taking AIM – Newspapers continue to fret about the fluctuating FTSE and its effect on our pension funds, the inactivity on the sister AIM stock market used by smaller companies is even more worrying. Allenby Capital reckon fundraising on AIM was very quiet in January with even less money raised than at the back end of 2011.
5. Not all bad though – 10 of the 17 companies that left AIM during January left because they were bought by other companies, which just goes to show that a well performing share price remains a magnet for buyers. Meanwhile the City continues to eye up the Glencore Xstrata merger, not least the eye watering fees, with glee.