​

​

Total
2024
GBPm

  ​ ​ ​

Translation
reserve
2025
GBPm

​

Hedge
reserve
2025
GBPm

  ​ ​ ​

Other
reserves
2025
GBPm

​

Total
2025
GBPm

At start of year

​

2,180

567

​

21

1,738

​

2,326

Profit attributable to shareholders

​

1,934

-

​

-

2,065

​

2,065

Dividends paid

​

(1,121)

-

​

-

(1,181)

​

(1,181)

Actuarial gains on defined benefit pension schemes

​

43

-

​

-

5

​

5

Fair value movements on cash flow hedges

​

11

-

​

55

-

​

55

Transfer to profit from cash flow hedge reserve

​

(20)

-

​

(36)

-

​

(36)

Tax recognised in other comprehensive income

​

(8)

-

​

(5)

​

(3)

​

(8)

Exchange differences on translation of foreign operations

​

175

(438)

​

-

-

​

(438)

Cancellation of shares

​

(850)

-

​

-

(1,922)

​

(1,922)

Increase in share based remuneration reserve (including tax)

​

79

-

​

-

79

​

79

Settlement of share awards

​

(53)

-

​

-

(62)

​

(62)

Acquisition of non‐controlling interests

​

(44)

-

​

-

(22)

​

(22)

At end of year

​

2,326

129

​

35

697

​

861