New job vacancies in the City last month rose to their highest level this year, reinforcing tentative signs of an improvement in financial services employers’ confidence about hiring, according to a report today.

Morgan McKinley, the financial recruitment specialist, said vacancies were up by 18% in August – normally a quiet time because of summer holidays – compared with the previous month.

The rise is evidence of the continuing improvement in City employers’ appetite to hire, which has been building up over the past few months, the consultancy said.

Financial Times