London financial services vacancies decline


Job vacancies at London’s financial-services companies slipped last month as securities firms held off from seeking new employees, offsetting more robust hiring at asset managers, recruitment firm Astbury Marsden said.

Bloomberg reports that new vacancies in the U.K. capital’s City and Canary Wharf financial districts fell 2% to 2,335 in October from 2,380 in September, the London-based recruiter said in a statement Monday. The figure was also 12% lower than the 2,640 new vacancies in October 2012.

Investment-bank hiring is lagging behind a recovery in the rest of the U.K. job market, which saw unemployment unexpectedly decline in the quarter through July. Barclays last week posted a 26% drop in third-quarter pretax profit, hurt by a slump in trading revenue at the U.K. bank. Deutsche Bank reported a 94% drop in third-quarter earnings last week, while UBS postponed a profitability goal.

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