LONDON, July 7 (Xinhua) -- The London stock market closed higher on Monday, with the FTSE 100 up 2 percent despite retailer Marks and Spencer keeping the losing ground.

    The benchmark index ended up 99.9 points higher at 5,512.7, with Carphone Warehouse climbing 6.1 percent after upbeat comments from Goldman Sachs.

    M&S shares were down another 4.4 percent after last week's dismal trading update, whereas Persimmon dropped 3.4 percent ahead of its trading update due on Tuesday.

    Bradford & Bingley lost a further 16 percent amid worries over its fund-raising management.