| Cash flows from operating activities | | | |
| Operating profit | | 52.2 | 39.0 |
| Non-underlying items | | 76.1 | 88.4 |
| Underlying operating profit | | 128.3 | 127.4 |
| Adjustments for: | | | |
| Depreciation | 13 | 9.9 | 5.7 |
| Amortisation | 2 | 4.3 | 4.1 |
| Release of government grant | | (0.5) | (0.5) |
| Profit on disposal of tangible assets | 7 | – | (0.3) |
| Gain on curtailment of pension scheme | 23 | – | (3.5) |
| Equity settled share-based payment expense | 27 | 1.5 | 2.3 |
| Underlying operating cash flow before changes in working capital | | 143.5 | 135.2 |
| Increase in inventories | | (15.7) | (14.1) |
| Decrease/(increase) in trade and other receivables | | 6.9 | (11.7) |
| Increase in trade and other payables | | 0.1 | 6.3 |
| Cash generated from operating activities before interest, taxation and non-underlying items | 134.8 | 115.7 |
| Cash outflows in respect of non-underlying items | | (7.3) | (7.4) |
| Cash generated from operating activities before interest and taxation | | 127.5 | 108.3 |
| Interest paid | | (7.8) | (9.2) |
| Interest on lease liabilities | | (0.4) | – |
| Income taxes paid | | (12.9) | (17.3) |
| Net cash inflow from operating activities | | 106.4 | 81.8 |
| Cash flows from investing activities | | | |
| Proceeds from disposal of tangible assets | | 0.2 | 0.3 |
| Interest received | | 0.3 | – |
| Acquisition of subsidiaries (net of cash acquired) | | (25.2) | (39.7) |
| Acquisition of investment in associates | | (7.6) | – |
| Purchase of property, plant and equipment | 13 | (7.8) | (12.0) |
| Capitalised development expenditure | 12 | (1.3) | (1.0) |
| Purchase of other intangible non-current assets | 12 | (40.1) | (9.5) |
| Net cash outflow from investing activities | | (81.5) | (61.9) |
| Cash flows from financing activities | | | |
| Proceeds from the issue of share capital | | 131.5 | 1.2 |
| New borrowings | | 297.3 | 44.1 |
| Expenses of raising borrowing facilities | | (1.7) | (0.2) |
| Repayment of borrowings | | (271.7) | (36.8) |
| Principal elements of lease payments | | (3.2) | – |
| Dividends paid | 10 | (33.3) | (28.4) |
| Net cash inflow/ (outflow) from financing activities | | 118.9 | (20.1) |
| Net increase/ (decrease) in cash and cash equivalents | | 143.8 | (0.2) |
| Cash and cash equivalents at start of period | 18 | 80.3 | 79.7 |
| Exchange differences on cash and cash equivalents | | 3.3 | 0.8 |
| Cash and cash equivalents at end of period | 18 | 227.4 | 80.3 |
| Reconciliation of net cash flow to movement in net borrowings | | | |
| Net increase/ (decrease) in cash and cash equivalents | | 143.8 | (0.2) |
| New borrowings and lease liabilities | | (302.8) | (44.1) |
| Repayment of borrowings and lease liabilities | | 275.3 | 36.8 |
| Expenses of raising borrowing facilities | | 1.7 | 0.2 |
| Acquisition of subsidiary borrowings and lease liabilities | | (0.1) | (2.8) |
| Changes in accounting policy for leases | | (12.7) | – |
| Exchange differences on cash and cash equivalents | | 3.3 | 0.8 |
| Retranslation of foreign borrowings | | (6.3) | (6.2) |
| Other non-cash changes | | (2.0) | (0.9) |
| Movement in net borrowings in the period | | 100.2 | (16.4) |
| Net borrowings at start of period | | (227.8) | (211.4) |
| Net borrowings at end of period | 28 | (127.6) | (227.8) |