Following on from the 950 job cuts it announced just last month, Marks & Spencer has revealed today (18 August) it will make a further 7,000 as it once again attempts to transform the business. The news pushed the retailer's share price down over 2% this morning to 111.20 pence. Analysts believe the decision by M&S was a necessary one but that the retailer now has a tough road ahead to catch up with its rivals.