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City of London jobs rise by 3,100

Credit: PA

The number of new jobs in the City of London increased by almost a fifth last month compared to this time last year.

A study by recruitment firm Astbury Marsden found there were 3,100 new roles in February despite investment banks cutting jobs.

A strong global equities market and positive economic noises emanating from the US and the Eurozone contributed to increased hiring activity in February. "As the oil price stabilises and concerns over a Greek exit from the Eurozone subside at least temporarily, the markets have bounced back in recent weeks which in turn has had a positive impact on hiring at the investment banks.

– Christopher Adeyeri, Astbury Marsden

The report added that City hiring activity is expected to be boosted in the coming weeks as the investment banks sign off their headcount for 2015.

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New 'Boris Bikes' sponsor to be announced

'Boris Bikes' Credit: Reuters

The next sponsor of the capital's cycle-sharing scheme will be announced later today. Coca-Cola is one of many international companies bidding to replace Barclays as the commercial logo on the so called Boris Bikes. The new brand will be introduced next year after Barclays ends its association with the scheme.

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