Marks & Spencer shares slip as they plan hundreds of job cuts

Marks & Spencer food stores continued to trade throughout the Covid-19 lockdown, but trading in other parts of its business, such as clothing, was significantly reduced.

Marks & Spencer has seen its share price fall after reports that the UK high street giant is to axe hundreds of jobs.

The British retailer is set to announce redundancy plans for hundreds of employees within days as part of a major restructure, according to Sky News.