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Xansa wins HR Outsourcing contract with Lloyds TSB     Xansa has secured the first multi-process HR outsourcing deal within the UK financial services sector, by signing a five-year contract with Lloyds TSB.    The service covers HR functions including administration, recruitment and existing helpdesks for training,     advice and guidance and general queries. Xansa will work with Lloyds TSB to develop, host and support new recruitment and management information platforms and to transform HR processes.    The service will be delivered by around 150 people situated in     Xansa's offshore delivery centres in India. Outsourcing HR processes to Xansa will enable the bank to improve the technology platforms underpinning its HR administration. The re-engineering of HR processes will allow UK staff to focus on face to face support, policy     guidance and other specialist HR services to employees and line managers.    Chief executive Alistair Cox said: “This contract is an extension of our partnership with Lloyds TSB, which currently comprises IT outsourcing, finance and accounting outsourcing     and a portfolio of complex industry-specific back office processes. It extends our strategic relationship to cover HR and makes Lloyds TSB a foundation client for Xansa's HR outsourcing services.”

MMC reports mixed results for Q2     For the second quarter ended 30 June 2006, Marsh & McLennan Companies reported consolidated revenues of $3bn, unchanged from the 2005 second quarter. Net income was $172m, or $.31 per share, compared with $166m, or $.31 per share, last year.    Michael G. Cherkasky, president and chief executive officer of MMC, said: "Results for the quarter were mixed… underlying revenues in Europe did not meet     expectations, due primarily to lower client retention levels. Guy Carpenter, Kroll, and Mercer Specialty Consulting all reported excellent results, with double-digit growth in revenues and profitability. Mercer Human Resource Consulting increased revenues, but profitability was disappointing. Putnam performed as expected. We are encouraged about the positive trends in all of our businesses, except     for profitability in Mercer HR, which we are addressing."    Consulting revenues increased 8% to $1bn in the second quarter. Mercer Human Resource Consulting increased revenues 4% to $751m. Mercer HR's largest business, retirement consulting, increased underlying revenues 2% in the quarter. Human capital grew revenues 15% and HR Services 5%. Health and benefits revenues declined 4%.     Despite Mercer HR's revenue growth, an increase in compensation expenses, including increased staff levels, contributed to a decline in segment profitability for the quarter.    Mercer Specialty Consulting revenues grew 17% to $297m in the second quarter, reflecting continued excellent performance in all businesses. Mercer Oliver Wyman's financial services and risk consulting increased     underlying revenues 19%, Mercer Management Consulting's strategy and operations grew revenues 11%, and economic consulting rose 14%. Based on this strong revenue growth, Mercer Specialty Consulting reported a marked increase in profitability.

Manchester Business School and PA launch Sourcing course     (PA). The short course, entitled 2006 Executive Sourcing Programme, will cover effective management of outsourcing programmes and runs from October through to December 2006.    The course will be delivered at Manchester     Business School by senior consultants from PA and leading academics from Manchester Business School.    The course is in three modules, which can be taken as stand-alone programmes, or altogether to provide a     comprehensive insight into sourcing as a means to improve the performance of key corporate functions.    Individually, each module will enable a business executive to improve their appreciation in a     particular aspect of outsourcing from deciding if it is the best course of action for their firm, to managing long-term relationships and processes overseas.        Manchester Business School is running an executive development programme in association with PA Consulting Group