The Holy Grail of the Style and Beauty section is a rain-proof jacket with a hood, which looks stylish. I have found one!
M&S web site photos are always appalling, but I bought this jacket in navy on Saturday and it's great. The waist can be nipped in and the hood comes off.
www.marksandspencer.com/gp/product/B001BSMZJO/sr=1-28/qid=1237148213/ref=sr_1_28/276-4785269-0332448 ?ie=UTF8&node=&m=A2BO0OYVBKIQJM&keywords=&mnSBrand=core&size=9&rh=n%3A43109030%2Cp%5F10%3ABlue&page= 4