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Earnings per share (Tables)
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Calculation of Basic and Diluted EPS
Basic EPS
 
The calculation of basic EPS is as follows:
 
Continuing operations
  
2019
1
 
 
2018
1
 
  
2017
1
 
Earnings
2
(£ million)
  
 
860.1
 
 
 
698.2
 
  
 
1,726.6
 
Weighted average shares used in basic EPS calculation (million)
  
 
1,250.0
 
 
 
1,247.8
 
  
 
1,261.1
 
EPS
  
 
68.8p
 
 
 
56.0p
 
  
 
136.9p
 
 
 
 
 
Discontinued operations
  
2019
 
 
2018
 
  
2017
 
Earnings
2
(£ million)
  
 
(3.8
) 
 
 
126.4
 
  
 
237.1
 
Weighted average shares used in basic EPS calculation (million)
  
 
1,250.0
 
 
 
1,247.8
 
  
 
1,261.1
 
EPS
  
 
(0.3p
) 
 
 
10.1p
 
  
 
18.8p
 
 
 
 
 
Continued and discontinued operations
  
2019
1
 
 
2018
1
 
  
2017
1
 
Earnings
2
(£ million)
  
 
856.3
 
 
 
824.6
 
  
 
1,963.7
 
Weighted average shares used in basic EPS calculation (million)
  
 
1,250.0
 
 
 
1,247.8
 
  
 
1,261.1
 
EPS
  
 
68.5p
 
 
 
66.1p
 
  
 
155.7p
 
 
Note
s
1
 
 
Earnings figures have been restated as described in the accounting policies.
2
 
 
Earnings is equivalent to profit for the year attributable to equity holders of the parent.
 
Diluted EPS
 
The calculation of diluted reported and diluted EPS is as follows:
 
Continuing operations
  
2019
1
 
 
2018
1
 
  
2017
1
 
Diluted earnings
(£ million)
  
 
860.1
 
 
 
698.2
 
  
 
1,726.6
 
Weighted average shares used in diluted EPS calculation (million)
  
 
1,260.6
 
 
 
1,261.2
 
  
 
1,275.8
 
Diluted EPS
  
 
68.2p
 
 
 
55.4p
 
  
 
135.3p
 
 
 
 
 
Discontinued operations
  
2019
 
 
2018
 
  
2017
 
Diluted earnings
(£ million)
  
 
(3.8
) 
 
 
126.4
 
  
 
237.1
 
Weighted average shares used in diluted EPS calculation (million)
  
 
1,260.6
 
 
 
1,261.2
 
  
 
1,275.8
 
Diluted EPS
  
 
(0.3p
) 
 
 
10.0p
 
  
 
18.6p
 
 
 
 
 
Continued and discontinued operations
  
2019
1
 
 
2018
1
 
  
2017
1
 
Diluted earnings
(£ million)
  
 
856.3
 
 
 
824.6
 
  
 
1,963.7
 
Weighted average shares used in diluted EPS calculation (million)
  
 
1,260.6
 
 
 
1,261.2
 
  
 
1,275.8
 
Diluted EPS
  
 
67.9p
 
 
 
65.4p
 
  
 
153.9p
 
 
Note
1
 
 
Earnings figures have been restated as described in the accounting policies.
Reconciliation Between Shares Used in Calculating Basic and Diluted EPS
A reconciliation between the shares used in calculating basic and diluted EPS is as follows:
 
 
  
2019
m
 
  
2018
m
 
  
2017
m
 
Average shares used in basic EPS calculation
  
 
1,250.0
 
  
 
1,247.8
 
  
 
1,261.1
 
Dilutive share options outstanding
  
 
0.3
 
  
 
1.6
 
  
 
1.8
 
Other potentially issuable shares
  
 
10.3
 
  
 
11.8
 
  
 
12.9
 
Shares used in diluted EPS calculation
  
 
1,260.6
 
  
 
1,261.2
 
  
 
1,275.8