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City jobs rise

City workers Credit: Philip Toscano/PA Wire

The number of new jobs created in the City of London increased by a third last month to more than 4,000.

New figures said the jobs boost followed strong financial results in the first quarter of the year by major US and European investment banks.

Barclays cuts 200 jobs in London

Barclays is cutting 200 jobs in London. Credit: REUTERS/Jas Lehal

Barclays bank is axing around 200 jobs in London, as part of cost-cutting plans to shed at least 3,700 staff worldwide.

The bank has also announced today that it will be handing out a total of £1.85 billion in bonuses - an average of just over £13,000 for each employee.