v3.25.2
Fair value measurements and valuation processes (Tables)
6 Months Ended
Jun. 30, 2025
Disclosure Of Fair Value Measurement [Abstract]  
Disclosure of fair value measurement of assets and liabilities explanatory Level 2 assets and liabilities are shown below.
As at 30 June
As at 31 December
2025
2024
2024
£m
£m
£m
Assets at fair value
Derivatives relating to
– interest rate swaps
59
5
11
– cross-currency swaps
110
93
100
– forward foreign currency contracts
274
161
185
Assets at fair value
443
259
296
Liabilities at fair value
Derivatives relating to
– interest rate swaps
117
227
270
– cross-currency swaps
14
10
16
– forward foreign currency contracts
207
82
131
– embedded derivative relating to associates
17
7
Liabilities at fair value
338
336
424