London sheds glitz for holiday parties

Team bonding is the theme for Christmas parties in London's financial district this year as managers tone down the annual knees-up and label it as staff development.

Fearful of a public backlash if they revived the opulent festivities of the pre-crisis era, some banks and financial firms are opting for smaller, quirkier events that can be accounted for as a learning activity rather than just a staff perk.

Treasure hunts, cocktail-making, go-karting and wine tasting are some of the things companies are laying on for employees.