Analyst	Recommendation	Action	Price target	Projected	Date
David Amiras Bank of America Securities	Buy	Maintained	-	-	11/04/2026
Ciaran Donnelly Citi	Hold	Downgraded	-	-	10/22/2026
Unknown Analyst Bank of America Securities	Buy	Reiterated	$47.90	+20%	07/13/2026

All values in GBP	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2.42B	2.42B	2.44B	2.44B
Cost of goods sold	816.50M	816.50M	815.50M	815.50M
Cost of revenue	816.50M	816.50M	815.50M	815.50M
Research and development expenses	-	-	-	-
Total research and development expenses	-	-	-	-
Selling, general, and admin expenses	846.50M	846.50M	840.50M	840.50M
Operating expense	846.50M	846.50M	840.50M	840.50M
Total operating expenses	1.66B	1.66B	1.66B	1.66B
Operating income	761.50M	761.50M	779.50M	779.50M
Other non operating income	-14.00M	-14.00M	-	-
EBT including unusual items	733.50M	733.50M	761.50M	761.50M
EBT excluding unusual items	730.50M	730.50M	740.00M	740.00M
Income tax expense	184.00M	184.00M	174.00M	174.00M
Effective tax rate	25.09%	25.09%	22.85%	22.85%
Other operating expenses	-	-	-	-
Net income	544.50M	544.50M	586.50M	586.50M
Net profit margin	22.46%	22.46%	24.08%	24.08%
Earnings per share	-	-	-	-
Interest and investment income	1.50M	1.50M	2.00M	2.00M
Interest expense	-27.00M	-27.00M	-54.50M	-54.50M
Net interest expenses	-25.50M	-25.50M	-52.50M	-52.50M
Depreciation and amortization charges	-	-	-	-
EBITDA	801.50M	801.50M	844.50M	844.50M
Gain or loss from assets sale	-	-	-	-

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