Marks & Spencer to cut 7,000 jobs; S&P 500 hits record high – as it happened

Rolling coverage of the latest economic and financial news, as high street chain M&S announces streamlining programme, and hefty job cutsLatest: S&P 500 hits new intra-day recordSummary: M&S struggles; Walmart shinesFull story: M&S cuts 7k jobs in next three months
Breaking: 7,000 jobs to go at M&SJobs at risk in UK stores, central support and regional management 5.34pm BST And finally... the London stock market had closed at its lowest point in over a week.The FTSE 100 index