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Landround, the Chester-based reward programmes and promotions business, expects operating losses for the first half of the year to be greater than the £250,000 pre-exceptional loss it recorded in the first half of 2007. The White Label Rewards (WLR) subsidiary, which provides reward programmes under clients' own branding, has signed two new contracts this year with Citigroup, with both programmes being launched in the last month. But revenues are behind the board's expectations and progress with the Buy and fly! brand has also been slow. Chairman David Owen said that, despite the impact on short-term results, "the progress made by WLR is creating a strong base for future contracted income". 
Rathbones powers on Fund manager Rathbones Brothers is continuing to expand despite the economic gloom surrounding much of the financial services industry. The firm, which has investment management offices in the Port of Liverpool buildings and in Kendal, has announced interim results for the six months to the end of June, with pre-tax profits of £24m, up from £23.4m for the same period last year, and operating income increased by 3.4 per cent to £70.2m. Net organic growth in funds under management within Rathbone Investment Management, which accounts for 87.5 per cent of group funds, was 8.2 per cent.
UU cash to flow to investors Ahead of its annual general meeting today, United Utilities (UU) has told investors that it is trading in line with expectations. UU has also proposed an increase in its final dividend of nearly 4 per cent. The water company said it was on track to deliver good profit growth, after a regulated 7.8 per cent increase in water bills, and would return £1.5bn to shareholders, on top of the dividend, following the £1.7bn sale of its electricity network business in December 2007.
Can your building weather the storm? As the North West gears up to build on, promote and invest in its green credentials, the government has launched a new information hub to help businesses adapt to climate change and encourage imaginative and innovative approaches to extreme weather changes. The website offers the most comprehensive collection of resources on adapting to climate change in the UK. Climate change minister Joan Ruddock said: “We’ll need good design that works with the environment rather than against it. I want builders and designers to factor a changing climate into their plans.”
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Deal of the week In times like these anyone who completes a deal deserves an extravagantly large round of champagne. So it's three cheers for the guys at Alliance Fund Managers in Liverpool for getting a top deal away this week for manufacturing business Merseyside Metalworks, which completed a management buyout, backed by a £875,000 funding package from the MSIF Mezzanine Fund and The Royal Bank of Scotland. The deal allows Jim Galvin, Carl Farrington and Mark Horrigan to take over the 30-year-old business from exiting managing director Stuart Howard.
Zoological quote of the week Hands up anyone who knows how tall a giraffe is. No? Well, for starters it depends whether you're talking male or female giraffes and the tallest ever was 5.87m... The reason why you need to know this is because this week's press release about Liverpool's new giant media wall at Lime Street stated that said digital extravaganza is "as long as five bendy buses and as tall as two and a half giraffes". Now your average male giraffe is between 4.8m and 5.5m tall
All the president's menu If you have the former president of India in your restaurant, why not make the most of it? Liverpool's Sultan's Palace celebrated its recent £200,000 refurbishment by welcoming Dr Abdul Kalam to the restaurant that serves "the hottest and healthiest ticket when only an Indian will do". For the record, the president munched his way through chicken tikka, bhajis, samosas, lamb rogan josh, dal makhani, mixed vegetables, pilau rice, naan bread and mango pudding. Lucky man.
Canapé won't pay Insider’s kept a low profile in Liverpool this week (it's been far too sunny on the banks of the Mersey), but is excited about the People’s Choice Cheese Awards, coming up on 14 August as part of the run-up to the Wirral Food & Drink Festival. And we’ll be very disappointed if the tuck at Paver Smith HQ for next week’s Downtown Liverpool in Business Event slips below gastro extraordinaire Dougal Paver’s high standards.
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