Earnings per share

6 Months Ended

Jun. 30, 2019

10.

Earnings per share

Basic EPS

The calculation of basic EPS is as follows:


	Six months ended 30 June 2019		Six months ended 30 June 2018		Year ended 31 December 2018
Earnings¹ (£ million)		312.4		672.4		1,062.9
Weighted average shares used in basic EPS calculation (million)		1,249.1		1,250.5		1,247.8
EPS		25.0p		53.8p		85.2p

Note

¹	Earnings is equivalent to profit for the period attributable to equity holders of the parent.

Diluted EPS

The calculation of diluted EPS is as follows:


	Six months ended 30 June 2019		Six months ended 30 June 2018		Year ended 31 December 2018
Diluted earnings (£ million)		312.4		672.4		1,062.9
Weighted average shares used in diluted EPS calculation (million)		1,257.3		1,259.4		1,261.2
Diluted EPS		24.8p		53.4p		84.3p

A reconciliation between the shares used in calculating basic and diluted EPS is as follows:


	Six months ended 30 June 2019		Six months ended 30 June 2018		Year ended 31 December 2018
	m		m		m
Weighted average shares used in basic EPS calculation		1,249.1		1,250.5		1,247.8
Dilutive share options outstanding		0.1		0.5		1.6
Other potentially issuable shares		8.1		8.4		11.8
Weighted average shares used in diluted EPS calculation		1,257.3		1,259.4		1,261.2

At 30 June 2019 there were 1,332,703,852 ordinary shares in issue, including treasury shares of 70,799,200.