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Earnings per share
 6 Months Ended
Jun. 30, 2020
Text block [abstract]  
Earnings per share
10.
Earnings per share
Basic EPS
The calculation of basic EPS is as follows:
 
Continuing operations
  
Six months
ended
30 June

2020
1
 
 
Six months
ended
30 June

2019
1
 
  
Year
ended
31 December

2019
1
 
Earnings
2
(£ million)
   (2,889.0)    288.3    860.1 
Weighted average shares used in basic EPS calculation (million)
   1,224.7    1,249.1    1,250.0 
EPS
   
(235.9p
) 
 
 
23.0p
 
  
 
68.8p
 
 
Discontinued
o
perations
  
Six months
ended
30 June
2020
   
Six months
ended
30 June
2019
   
Year
ended
31 December
2019
 
Earnings
2
(£ million)
   (6.8)    43.2    (3.8) 
Weighted average shares used in basic EPS calculation (million)
   1,224.7    1,249.1    1,250.0 
EPS
   
(
0.5
p
)
   
3.5
p		    (0.3p) 
 
Continued and discontinued
o
perations
  
Six months
ended
30 June
2020
1
   
Six months
ended
30 June
2019
1
   
Year
ended
31 December
2019
1
 
Earnings
2
(£ million)
   (2,895.8)    331.5    856.3 
Weighted average shares used in basic EPS calculation (million)
   1,224.7    1,249.1    1,250.0 
EPS
   
(236.4p
) 
 
 
26.5p
 
  
 
68.5p
 
Notes
1
 
Earnings figures have been restated as described in the accounting policies.
2
 
Earnings is equivalent to (loss)/profit for the period attributable to equity holders of the parent.
Diluted EPS
The calculation of diluted EPS is as follows:
 
Continuing
o
perations
  
Six months
ended
30 June

2020
1
 
 
Six months
ended
30 June

2019
1
 
  
Year
ended
31 December

2019
1
 
Diluted earnings (£ million)
   (2,889.0)    288.3    860.1 
Weighted average shares used in diluted EPS calculation
2
(million)
   1,224.7    1,257.3    1,260.6 
Diluted EPS
  
 
(235.9p
) 
 
 
22.9p
 
  
 
68.2p
 
 
Discontinued
o
perations
  
Six months
ended
30 June
20
20
   
Six months
ended
30 June
2019
   
Year
ended
31 December
2019
 
Diluted earnings (£ million)
   (6.8)    43.2    (3.8) 
Weighted average shares used in diluted EPS calculation
2
(million)
   1,224.7    1,257.3    1,260.6 
Diluted EPS
   
(0.5
p
)
 		   
3.4
p		    (0.3p) 
 
Continuing and discontinued operations
  
Six months
ended
30 June
20
20
   
Six months
ended
30 June
2019
   
Year
ended
31 December
2019
 
Diluted earnings (£ million)
   (2,895.8)    331.5    856.3 
Weighted average shares used in diluted EPS calculation
2
(million)
   1,224.7    1,257.3    1,260.6 
Diluted EPS
  
 
(236.4p
) 
 
 
26.3p
 
  
 
67.9p
 
Notes
1
 
Earnings figures have been restated as described in the accounting policies.
2
 
The weighted average shares used in the basic EPS calculation has also been used for diluted EPS due to the anti-dilutive effect of the weighted average shares calculated for the diluted EPS calculation.
A reconciliation between the shares used in calculating basic and diluted EPS is as follows:
 
    
Six months
ended
30 June
2020
1
   
Six months
ended
30 June
2019
1
   
Year
ended
31 December
2019
1
 
    
m
   
m
   
m
 
Weighted average shares used in basic EPS calculation
   1,224.7    1,249.1    1,250.0 
Dilutive share options outstanding
   —    0.1    0.3 
Other potentially issuable shares
   12.3    8.1    10.3 
Weighted average shares used in diluted EPS calculation
   1,237.0    1,257.3    1,260.6 
At 30 June 2020 there were 1,296,079,242 (30 June 2019: 1,332,703,852, 31 December 2019: 1,328,167,813) ordinary shares in issue, including treasury shares of 70,750,170 (30 June 2019: 70,799,200, 31 December 2019: 70,787,730).