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Earnings per share

6 Months Ended

Jun. 30, 2023

10. Earnings per share

Basic EPS

The calculation of basic EPS is as follows:


	Six Months Ended 30 June 2023	Six Months Ended 30 June 2022
Earnings1 (£ million)	112.0	257.9
Weighted average shares used in basic EPS calculation (million)	1,071.2	1,115.2
EPS	10.5p	23.1p

Note

1Earnings 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 2023	Six Months Ended 30 June 2022
Diluted earnings1 (£ million)	112.0	257.9
Weighted average shares used in diluted EPS calculation (million)	1,090.8	1,137.8
Diluted EPS	10.3p	22.7p

Note

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

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


	Six Months Ended 30 June 2023	Six Months Ended 30 June 2022
	m	m
Weighted average shares used in basic EPS calculation	1,071.2	1,115.2
Dilutive share options outstanding	0.8	1.4
Other potentially issuable shares	18.8	21.2
Weighted average shares used in diluted EPS calculation	1,090.8	1,137.8

At 30 June 2023 there were 1,141,513,196 (30 June 2022: 1,162,563,018) ordinary shares in issue, including treasury shares of 66,675,497 (30 June 2022: 70,489,953).