The Financial Times scooped its rivals this morning with an exclusive trading update from the North Pole company.
It predicts record turnover on the back of continuing growth in the number of children and says gift deliveries by its St Nicholas subsidiary were ahead of expectations.
Fears that the credit crunch would make it impossible to finance production of gifts ahead of delivery proved groundless. Although doubts over the quality of assets backing Santa's Investment Vehicle meant the SIV could not be refinanced, liquidity was restored by the three kings - Mervyn, Ben and Jean-Claude.
They made available gifts of unlimited gold, Bernankinsense and Myrrhve, which has ensured that North Pole has not suffered the fate of Northern Rock.
Back in the real world, trading was predictably thin for the half-day Christmas Eve session. But the mini-Santa rally continued, with the FTSE 100 gaining 31.8 points to 6465.9 in the first hour of trading.
The banks had a brighter look on the back of weekend news that Saudi Arabia plans to set up a bumper sovereign wealth fund. According to reports, it will be the largest in the world, dwarfing Abu Dhabi's $900bn (£450bn) fund.
Barclays was 4p better at 508.5p, RBS added 5.5p to 441p and HSBC was 1.5p higher at 852p.
Defence group BAE Systems strengthened 2.25p to 492.5p as it confirmed the $450m takeover of Ohio-based MTC Technologies.
Rated as one of the fastest-growing US defence technology companies, MTC provides logistics services to the US military and intelligence agencies.
It was a nightmare on Christmas Eve though for Carpetright. Down 188p late on Friday after the collapse of founder Lord Harris's buyout plans, they plunged another 10% to 791p this morning.
