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Legal & General Plc has made of rise of 87 per cent in its profit, which is much ahead of the forecasts. The British insurance company also made an increase of 33.33 per cent in its dividend.

After making a shocking cut in payout, this step has been welcomed by the shareholders who are happy with the performance of the firm.

Experts believe that this is a strong set of results and have advised the other firms to follow the footsteps of L&G to be able to perform better.

Legal & General Plc has made of rise of 87 per cent in its profit, which is much ahead of the forecasts. The British insurance company also made an increase of 33.33 per cent in its dividend.

After making a shocking cut in payout, this step has been welcomed by the shareholders who are happy with the performance of the firm.

Experts believe that this is a strong set of results and have advised the other firms to follow the footsteps of L&G to be able to perform better.

Babcock International, an operator of submarine bases for the Royal Navy at Faslane and Plymouth said today that the British defense services rival VT Group has accepted its takeover offer worth £1.33 billion. VT had previously rejected the offers of £1.14 billion and £1.2 billion made by Babcock.

U. K. insurance and investments group Legal & General returned to profit in FY 2009 beating the market expectations. The group released its annual results on Tuesday morning and the shares of the company jumped 5% on excellent results. Legal & General also raised its dividend payout to 2.73 pence for the year 2009.

The Group said in its outlook that it is optimistic about medium term growth prospects.

The Telecom Industry regulator Ofcom announced today that it will ask British Telecom to share its high speed fibre optic broadband network with other service providers. Ofcom said today that it has taken the decision to encourage competition within the fibre market. Ofcom is calling the process as virtual unbundling.

UTV Media is looking for growth this year and it would be going in for "small-bolt acquisition" method for getting that.

John McCann, Chief Executive of the company said that through small acquisitions, like it did in case of Sports magazine, UTV will expand itself.

However, the pay freeze will continue during this year as well since the company is looking to have greater 'breathing space' besides getting more 'operational flexibility.'