Ann: Trading Update and Revised FY2019 Guidance, page-8

@madamswer not that you are saying otherwise . . . I always look at the property earnings as being a sort of windfall, or something to add to the balance sheet in a way, and not part of the business that should command a multiple of be part of underlying earnings. I'm fairly sure any underlying earnings would leave property out, but any inclusive earnings might also include the profit or loss on the divestments as well. Complicated

I don't use bloomberg or have access to consensus numbers (maybe I shoudl get a bloomie or factset etc - but too time constrained to look at it properly I suspect.) so maybe I am being naive about how the consensus numbers are laid out.