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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.