...Good morning and welcome to the 2025 financial half year results for Watkin Jones. I'm Alex Pease, the Chief Executive, and I am joined today by Simon Jones, our Chief Financial Officer. The agenda for this morning will begin with a short overview from myself, reflecting on the business and operational performance over the half year. Before looking at our key focus areas and our diversified strategies looking forwards, we will update on the core occupational and investment markets we operate in before focusing on our financial and divisional highlights. The first half of FY25 has seen a continuation of a number of similar key themes from FY24. Whilst wider economic conditions have continued to generate significant headwinds for the property sector, we have focused on controlling the controllables within the business, targeting incremental gains, and seeking to diversify our earnings through broadening our strategies. Our half-year position highlights a resilient and positive operational...
