v3.25.4
Consolidated Statement of Changes in Equity - GBP (£)
£ in Millions
Share capital
Share premium
Shares held in treasury
Translation reserve
Other reserves
Shareholders' equity
Non-controlling interests
Total
Equity at beginning of period at Dec. 31, 2022 £ 279 £ 1,517 £ (414) £ 677 £ 1,717 £ 3,776 £ (22) £ 3,754
Total comprehensive income for the year       (285) 1,760 1,475 7 1,482
Dividends paid         (1,059) (1,059) (7) (1,066)
Issue of ordinary shares, net of expenses   41       41   41
Repurchase of ordinary shares     (800)     (800)   (800)
Purchase of shares by the employee benefit trust     (50)     (50)   (50)
Cancellation of shares (4)   677   (673)      
Increase in share based remuneration reserve (including tax)         77 77   77
Settlement of share awards     34   (34)      
Exchange differences on translation of capital and reserves             1 1
Equity at end of period at Dec. 31, 2023 275 1,558 (553) 392 1,788 3,460 (21) 3,439
Total comprehensive income for the year       175 1,960 2,135 10 2,145
Dividends paid         (1,121) (1,121) (9) (1,130)
Issue of ordinary shares, net of expenses   47       47   47
Repurchase of ordinary shares     (1,000)     (1,000)   (1,000)
Purchase of shares by the employee benefit trust     (75)     (75)   (75)
Cancellation of shares (3)   853   (850)      
Increase in share based remuneration reserve (including tax)         79 79   79
Settlement of share awards     53   (53)      
Acquisition of non-controlling interest         (44) (44) 43 (1)
Equity at end of period at Dec. 31, 2024 272 1,605 (722) 567 1,759 3,481 23 3,504
Total comprehensive income for the year       (438) 2,081 1,643 13 1,656
Dividends paid         (1,181) (1,181) (15) (1,196)
Issue of ordinary shares, net of expenses   42       42   42
Repurchase of ordinary shares     (1,600)     (1,600)   (1,600)
Purchase of shares by the employee benefit trust     (76)     (76)   (76)
Cancellation of shares (8)   1,930   (1,922)      
Increase in share based remuneration reserve (including tax)         79 79   79
Settlement of share awards     62   (62)      
Acquisition of non-controlling interest         (22) (22) 3 (19)
Equity at end of period at Dec. 31, 2025 £ 264 £ 1,647 £ (406) £ 129 £ 732 £ 2,366 £ 24 £ 2,390