Marks and Spencer has disposed of its stores in Spain to leading Spanish retailer El Corte Ingles in a deal that safeguards jobs for its 800 staff. Subject to consultation, M&S will stop trading from its nine Spanish stores in mid December. M&S international director David Norgrave said: "We are pleased we have reached an agreement with El Corte Ingles to acquire our stores in Spain and to offer jobs to our employees, which has been a priority objective." Meanwhile, chairman Luc Vandevelde said September's terrorist attacks had scuppered hopes for a quick sale of US subsidiaries Kings and Brooks Bros. Speaking at the company's interim results presentation, he said: "We are still confident we will be able to sell the businesses by the end of the year." {{NEWS }}