Job vacancies rise in the City

Morgan McKinley, financial recruiters, said vacancies rose 18% between July and August, but were still 39% down on a year earlier.

"There has been an obvious progression in terms of confidence in the City hiring market," said Morgan McKinley's Andrew Evans.

"This increased commitment to hire, coupled with positive results from the FTSE index recently, and an improving mergers and acquisitions outlook, will hopefully drive jobs figures in coming months."