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Almost half of London finance workers weigh job moves

Almost half of the workers in London's financial services industry are planning to change jobs even after getting the yearly bonus they wanted, according to a survey by recruitment firm Morgan McKinley.

Of the 149 people who participated in the survey on the firm's Web site, 46% said they were considering moving jobs after receiving their bonus, Morgan McKinley said today. About two-thirds said the bonus met their expectations. „Many banks have managed bonus expectations well,” Morgan McKinley CEO Robert Thesiger said in an e-mailed statement. „Employees will still move in order to take advantage of the abundance of roles and career opportunities that are currently available.” Bonuses for the 1 million people working in Britain's financial services industry surged as the value of European mergers jumped 43% last year to about $2 trillion, according to data compiled by Bloomberg. Securities firms including Goldman Sachs Group Inc. and Merrill Lynch & Co. reported record 2006 earnings. The number of candidates looking for jobs in January rose for the first time since October, Morgan McKinley also said. In total, 16% more people are looking for new jobs compared with the same period last year. The average city salary has risen 5% in the past year to £50,724 ($99,200), the recruiter said. (Bloomberg)