The UK’s largest supermarket chain said it has increased its market share further after investing more in pricing to bring in more customers.

The London-listed company told shareholders it has seen ‘good levels of customer demand and improved affordability’.

Bosses at the watchdog Ofwat said the company’s failures led to ‘excessive spills from storm overflows’.

Czech billionaire Daniel Kretinsky’s business EP Group, which bought the Royal Mail’s parent firm, appointed Mr Hands on Monday.

Stuart Machin received a jump in bonus payments linked to a rise in the firm’s share price before it was knocked by a major cyber attack.