Shein’s UK profits double; Water companies penalised for poor performance; China targets EU brandy – as it happened

Rolling coverage of the latest economic and financial news, as UK gilt yields rise and water companies face paying 157m to customers

• Shein doubles profits in UK after sales leap 40%

The biggest increases in pollution incidents last year were reported by South West Water (80%), United Utilities (71%) and Northumbrian Water (65%).

Hafren Dyfrdwy is the only company to have met the performance commitment level for pollution incidents in 2023. It, and Southern Water, were the only two companies to commit fewer pollution incidents this year than last.