v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
In the six months ended June 30, 2026, a $31.0 million restructuring charge was recorded in the Condensed Consolidated Statement of Operations under a restructuring plan reflecting a workforce reduction. In the six months ended June 30, 2025 a restructuring charge of $82.3 million was recorded, which reflected a workforce reduction of $75.6 million and an office consolidation program to optimize the Company's office footprint of $6.7 million.
 Three Months EndedSix Months Ended
June 30,
2026
June 30,
2025
June 30,
2026
June 30,
2025
 (in thousands)
Restructuring charges$20,904 $42,950 $30,980 $82,296 
Total$20,904 $42,950 $30,980 $82,296 
At June 30, 2026, a total liability of $23.2 million (December 31, 2025: $12.5 million) was recorded on the Condensed Consolidated Balance Sheet relating to restructuring activities.
Six Months EndedYear
Ended
June 30,
2026
December 31, 2025
(in thousands)
Opening provision$12,525 $31,474 
Charge during the period30,980 75,386 
Utilization(20,308)(94,335)
Closing provision$23,197 $12,525 
The closing provision as at June 30, 2026 of $23.2 million (December 31, 2025: $12.5 million) reflects:
(1) $21.1 million (December 31, 2025: $9.1 million) of personnel related liabilities as a result of the workforce reduction; all of which have been classified as short-term within Other Liabilities, and
(2) $2.1 million (December 31, 2025: $3.4 million) of facilities related liabilities of which $0.5 million (December 31, 2025: $1.3 million) is included within Other Liabilities and $1.6 million (December 31, 2025: $2.1 million) is included within Non-Current Other Liabilities.