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Major lift for financial positions

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

Recruitment firm Astbury Marsden said the jobs boost followed strong financial results in the first quarter of the year by major US and European investment banks.

Adam Jackson, managing director of Astbury Marsden, said: "The big investment banks are reporting a revival in trading volumes as clients adjust their investment strategies to reflect diverging monetary policies.

"It's impossible to predict how long these higher trading volumes will be sustained, but banks that severely cut back their trading and investment banking teams will now be wondering whether they may want to start hiring if the recovery in revenues continues."

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