Job openings in London’s financial services industry declined for the seventh straight month last month and the industry is likely to remain weak for the next year, a survey by recruitment firm Morgan McKinley said.
The number of vacant positions fell 16 percent last month to 8,568 from a year earlier, the London-based firm said in a statement yesterday.
Three out of four executives said it’s harder to get approval to hire staff than a year ago.
Securities firms in London and New York have eliminated more than 100,000 jobs in the past year as investment banking revenue declines and the pace of takeovers sinks to a three-year low, data compiled by Bloomberg indicated.
The Bank of England earlier this month predicted virtually no growth over the next year and said at least one quarter of contraction is possible, its most downbeat assessment of the British economy in a decade.
“Considerable levels of uncertainty remain within the financial services industry and in turn, the recruitment market,” Robert Thesiger, chief executive officer of Imprint Plc, Morgan McKinley’s parent, said in the monthly survey.
Most financial services employers remain cautious about salary packages, with 66 percent of those surveyed expecting pay to stay flat, Morgan McKinley said. Still, salaries in the City of London, the country’s main financial district, rose 6 percent from June to US$99,700 from the previous month, the survey said.
Morgan McKinley said it surveyed 161 executives in the first week of this month.
Super Typhoon Kong-rey is the largest cyclone to impact Taiwan in 27 years, the Central Weather Administration (CWA) said today. Kong-rey’s radius of maximum wind (RMW) — the distance between the center of a cyclone and its band of strongest winds — has expanded to 320km, CWA forecaster Chang Chun-yao (張竣堯) said. The last time a typhoon of comparable strength with an RMW larger than 300km made landfall in Taiwan was Typhoon Herb in 1996, he said. Herb made landfall between Keelung and Suao (蘇澳) in Yilan County with an RMW of 350km, Chang said. The weather station in Alishan (阿里山) recorded 1.09m of
STORM’S PATH: Kong-Rey could be the first typhoon to make landfall in Taiwan in November since Gilda in 1967. Taitung-Green Island ferry services have been halted Tropical Storm Kong-rey is forecast to strengthen into a typhoon early today and could make landfall in Taitung County between late Thursday and early Friday, the Central Weather Administration (CWA) said yesterday. As of 2pm yesterday, Kong-Rey was 1,030km east-southeast of Oluanpi (鵝鑾鼻), the nation’s southernmost point, and was moving west at 7kph. The tropical storm was packing maximum sustained winds of 101kph, with gusts of up to 126 kph, CWA data showed. After landing in Taitung, the eye of the storm is forecast to move into the Taiwan Strait through central Taiwan on Friday morning, the agency said. With the storm moving
NO WORK, CLASS: President William Lai urged people in the eastern, southern and northern parts of the country to be on alert, with Typhoon Kong-rey approaching Typhoon Kong-rey is expected to make landfall on Taiwan’s east coast today, with work and classes canceled nationwide. Packing gusts of nearly 300kph, the storm yesterday intensified into a typhoon and was expected to gain even more strength before hitting Taitung County, the US Navy’s Joint Typhoon Warning Center said. The storm is forecast to cross Taiwan’s south, enter the Taiwan Strait and head toward China, the Central Weather Administration (CWA) said. The CWA labeled the storm a “strong typhoon,” the most powerful on its scale. Up to 1.2m of rainfall was expected in mountainous areas of eastern Taiwan and destructive winds are likely
The Central Weather Administration (CWA) yesterday at 5:30pm issued a sea warning for Typhoon Kong-rey as the storm drew closer to the east coast. As of 8pm yesterday, the storm was 670km southeast of Oluanpi (鵝鑾鼻) and traveling northwest at 12kph to 16kph. It was packing maximum sustained winds of 162kph and gusts of up to 198kph, the CWA said. A land warning might be issued this morning for the storm, which is expected to have the strongest impact on Taiwan from tonight to early Friday morning, the agency said. Orchid Island (Lanyu, 蘭嶼) and Green Island (綠島) canceled classes and work
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