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INTERESTS IN ASSOCIATES AND OTHER INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Investments accounted for using equity method [abstract]  
Summary of Movements in Associates, Joint Ventures and Other Investments
The movements in 2025 and 2024 were as follows:
Interests in
associates
Other
investments
£m£m
1 January 2024287 333 
Additions— 24 
Share of profits of associates
34 — 
Dividends(29)— 
Other movements1
3 62 
Exchange adjustments(9)— 
Disposals(10)— 
Revaluation of other investments through profit or loss— (14)
Revaluation of other investments through other comprehensive income— (7)
Impairment charges
(23)— 
31 December 2024253 398 
Additions3 9 
Share of profits of associates
37 — 
Dividends(43)— 
Other movements
(1)(8)
Exchange adjustments(10)(15)
Disposals(3)— 
Revaluation of other investments through profit or loss— 4 
Revaluation of other investments through other comprehensive income
— (54)
Impairment charges
(5)— 
31 December 2025231 334 
Note
1Other movements in 2024 predominantly relates to a not material reclassification of investment funds from 'Trade and other receivables' to 'Other investments'
Summary of Aggregate Financial Performance of Associates and Joint Ventures
The following table presents a summary of the aggregate financial performance of the Group’s associates.
202520242023
£m£m£m
Earnings from associates (note 4)
39 36 70 
Share of other comprehensive loss of associates
— — (1)
Share of total comprehensive earnings of associates
39 36 69