City snapshot: Co-op's audacious £15m bid for Costcutter rebuffed

The Co-op Group has made an audacious bid to buy convenience retailer Costcutter for around £15m, according to weekend reports. Plus, two more of Premier Foods’ largest shareholders back a campaign to oust CEO Gavin Darby, a look at the financial calendar this week and all the rest of the latest news from the City.