The death of the lunchtime pint

Lloyd's of London, home for much of the world's insurance trade, has finally called "last orders" on employees looking to strike a deal or just escape the stress of City life over a lunchtime drink.

Reuters reports that the 329-year-old group said it had recently updated guidance to its 800 employees drinking alcohol during the day, bringing it into line with financial service industry peers, many of which have already looked to curtail boozy meetings.

"It provides clarification on the rules around alcohol consumption, which is prohibited during business hours. The guidance removes any ambiguity on the policy," a Lloyd's spokesman said in a statement.

The guidance is intended to reflect common and business standards and "ensures we are in line with a number of businesses in the sector who also adopt similar policies", he added. It does not affect brokers and underwriters who work at Lloyd's for other firms.

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Lloyd's of London calls time on employees' lunch-time pint

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