London’s financial job vacancies rise by 40%: 2 stocks to buy

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London’s financial job vacancies rise by 40%: 2 stocks to buy

 London’s financial job vacancies rise by 40%: 2 stocks to buy
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Highlights 

  • London’s financial job vacancies jumped by over 40 per cent in Q4 2021 from Q4 2019 (pre pandemic), indicating hiring levels have recovered from the covid-19 crisis
  • The number of finance jobs created in London rose to over 32,000 in 2021, twice the 2020 levels, due to UK’s mass vaccination programme allowing working from offices.

The number of jobs vacancies in London’s financial sector rose by 40 per cent in Q4 2021, compared to the same period before the pandemic (Q4 2019), according to data from recruitment consultancy Morgan McKinley’s winter recruitment monitor. This indicates that hiring in the sector has completely recovered from the crisis.

In 2021, London’s financial sector saw the creation of over 32,000 jobs which was about double the jobs created in 2020. This rise in jobs occurred in Q2 2021 and was helped by the UK’s mass vaccination programme, thereby allowing workers to work from the office. Moreover, investment in the UK’s fintech space also helped in boosting jobs figures.

Given this backdrop, let us explore 2 FTSE listed stocks in the financial and credit services sector:

  1. London Stock Exchange Group Plc (LON: LSEG)

London Stock Exchange Group is a global financial market data and infrastructure firm. It belongs to the FTSE 100 index.

The group recently proposed a special listing option for private companies which could allow them to trade on the public market on specified days, according to a Wall Street Journal report. This proposal hopes to attract rapidly growing tech firms to list on the LSE, particularly in a post-Brexit scenario.

As per the WSJ report, such private companies may trade between 1 to 5 days in each trading window. This can be done either once a month, quarter, or 6 months.

LSEG share price and volume

Image source: Refinitiv

The group’s shares closed at GBX 7,424.00, up by 2.00 points or 0.03 per cent on 14 January. Meanwhile, the FTSE 100 index ended at 7,542.95, down by 20.90 points or 0.28 per cent.

The group’s market cap was at £37,583.00 million as of Friday.

  1. Lendinvest PLC (LON: LINV)

Lendinvest is a non-bank mortgage lender and an online marketplace for property lending and investing. It belongs to the FTSE AIM All-Share index.

The group’s assets under management (Platform AuM), for the 6 months period ending on 30 September 2021, rose by 32 per cent to £1,825.9 million. It stood at £1,386.2 million in the year before.

During the period, its gross profit jumped by 51 per cent to £26.5 million from the previous year. And its profit from operations rose by 375 per cent to £9.5 million, from £2.0 million in the year prior.

LINV share price and volume

Image source: Refinitiv

The group’s shares closed at GBX 215.00, down by 2.00 points or 0.92 per cent on 14 January. Meanwhile, the FTSE AIM All-Share index ended at 1,159.87, lower by 11.87 points or 1.01 per cent.

The group’s market cap was at £296.05 million as of Friday. It was admitted into the LSE on 14 July 2021.

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