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Other reserves (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of reserves within equity [abstract]  
Summary of Other Reserves
Other reserves comprise the following:
Capital
redemption
reserve
£m		Equity
reserve
£m
Hedging reserve
£m
Translation
reserve
£m		Total
other
reserves
£m
Balance at 1 January 2021
6.4 (122.3)— 307.1 191.2 
Foreign exchange differences on translation of foreign operations
— — — (132.7)(132.7)
Gain on net investment hedges— — — 45.5 45.5 
Cash flow hedges:
     Fair value loss arising on hedging instruments— — (38.0)— (38.0)
     Less: gain reclassified to profit or loss— — 38.0 — 38.0 
Share of other comprehensive income of associate undertakings
— — — 7.3 7.3 
Share cancellations7.2 — — — 7.2 
Recognition and remeasurement of financial instruments— (242.7)— — (242.7)
Share purchases – close period commitments— (211.7)— — (211.7)
Balance at 31 December 2021
13.6 (576.7)— 227.2 (335.9)
Foreign exchange differences on translation of foreign operations
— — — 409.0 409.0 
Loss on net investment hedges
— — — (141.5)(141.5)
Cash flow hedges:
     Fair value gain arising on hedging instruments
— — 38.5 — 38.5 
     Less: loss reclassified to profit or loss
— — (38.5)— (38.5)
Share of other comprehensive income of associate undertakings— — — 31.9 31.9 
Share cancellations8.3 — — — 8.3 
Recognition/derecognition of liabilities in respect of put options— 101.7 — — 101.7 
Share purchases – close period commitments— 211.7 — — 211.7 
Balance at 31 December 2022
21.9 (263.3)— 526.6 285.2 
Foreign exchange differences on translation of foreign operations— — — (404.0)(404.0)
Gain on net investment hedges— — — 108.2 108.2 
Cash flow hedges:
     Fair value loss arising on hedging instruments
— — (43.3)— (43.3)
     Less: gain reclassified to profit or loss
— — 44.2 — 44.2 
Share of other comprehensive loss of associate undertakings
— — — (0.9)(0.9)
Share cancellations— — — — — 
Recognition/derecognition of liabilities in respect of put options— 197.2 — — 197.2 
Share purchases – close period commitments— — — — — 
Balance at 31 December 2023
21.9 (66.1)0.9 229.9 186.6 
Summary of Translation Reserve Comprises
The translation reserve comprises:
2023
£m
2022
£m
2021
£m
Balance relating to continuing net investment hedges(53.1)(143.8)(2.3)
Balance relating to discontinued net investment hedges(67.5)(85.0)(85.0)
Balance relating to foreign exchange differences on translation of foreign operations
350.5 755.4 314.5 
229.9 526.6 227.2