Traders overcame a quiet session for corporate news by turning the spotlight on possible merger and acquisition activity today.

Satellite navigation firm Trafficmaster said today it was heading for further growth after achieving a strong end to last year.

Trafficmaster said today it was heading for a strong end to the year after posting first-half profits and signing a major order with Norwich Union.

Trafficmaster PLC said it is extending its six-year relationship with MMo2's O2, the British-based mobile network operator, for a further five years.