10 Largest Companies In The UK Based on Market Cap (2024 Report)

How to Invest in the Largest British Businesses

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The Largest Companies In The UK By Market Cap (2024 Update)

10 Largest Companies In The UK By Market Cap (2024 Update)

1. AstraZeneca

Market cap: $215.68 billion

With a market valuation of US$196.37 billion, AstraZeneca is the biggest corporation in the United Kingdom and among the biggest pharmaceutical companies globally. Prior to being renamed as AstraZeneca PLC in April 1999, it was known as Zeneca Group PLC.

The three primary areas of expertise for AstraZenaca are neurology, respiratory and cardiovascular health, and oncology. Prilosec and Nexium are two of its best-known consumer products; they treat disorders of the digestive system. It is a Cambridge-based corporation.

2. Shell

Market cap: $205.78 B

The Hague, the home base of Shell plc (NYSE:SHEL), was relocated to London in 2022. Shell plc (NYSE:SHEL), one of the biggest oil manufacturing firms globally, generated over $261.5 billion in revenue in 2021 and operates in the majority of the world's nations.

READ MORE: Top 10 Biggest Companies In Canada by Revenue & Number of Employees

3. Linde

Market cap: $196.80 B

With a market valuation of US$158.41 billion, Linde, a renowned industrial gas and engineering corporation, is the second-biggest publicly traded company in the United Kingdom.

Linde is a British company that was established in Guildford in 1879. It is responsible for the processing and global distribution of a range of gases, such as carbon dioxide, oxygen, nitrogen, and natural gas. It also provides services to a range of businesses, such as manufacturing, petroleum refining, and healthcare.

4. HSBC

Market cap: $156.09 billion

One of the biggest international banks in the world is HSBC. Serving over 40 million businesses, the corporation has operations in over 60 countries. Currently the second-largest bank in Europe, it was founded in 1865. Its headquarters are in London, although its origins are in Hong Kong.

Three divisions are run by the bank: Wealth and Personal Banking, Global Banking and Markets, and Commercial Banking. With $10.8 trillion in assets under custody, the bank employs more than 219,000 people worldwide and reported income of $49.55 billion in 2021 and $51.70 billion in 2022.

READ MORE: Top 10 Best & Largest Accounting Companies in Europe by Revenue

5. Unilever

Market cap: $122.99 B

A sizable consumer goods conglomerate with headquarters in London is Unilever. Founded in 1894, the company offers over 400 distinct personal and household brands, such as Pond's, Vaseline, Dove, Ben & Jerry's, Lipton, and Sunlight.[9] The company's $116.73 billion market capitalization places it in sixth place.

6. Rio Tinto

Market cap: $115.20 billion

Founded in 1873, Rio Tinto is an Anglo-Australian mining business. The business is the biggest producer of precious metals in the world, including copper, aluminum, gold, iron, and diamonds. With secondary listings on the Australian Securities Exchange and the New York Stock Exchange, its shares are traded on the London Stock Exchange.

The FTSE 100 and S&P/ASX 200 stock market indices include the stock. Rio Tinto's share price reached historic highs in 2021 despite the company, along with other mining businesses, struggling during the pandemic. Revenues for the year were $63.49 billion, but in 2022 they dropped to $55.6 billion.

7. BP

Market cap: $100.34 B

BP Plc (NYSE:BP) is a global leader in the oil and gas industry. The public's opinion of it is particularly negative due to its role in climate change and multiple large oil disasters; yet, these events no longer affect BP PLC's (NYSE:BP) operations. BP plc (NYSE:BP) recently declared that it would pay $4.1 billion to purchase Archaea Energy. The corporation just generated a significant profit because of the war between Russia and Ukraine, which drove up oil prices.

8. GlaxoSmithKline

Market cap: $82.65 billion

GlaxoSmithKline (GSK) is a major pharmaceutical company that was established as a London apothecary business in 1715. Currently, it has 100,000 or more employees worldwide. With a market valuation of US$110.40 billion, GSK is the seventh-largest corporation in the United Kingdom.

The company's consumer-facing initiatives center on skin, nutrition, and dental health. Its most well-known brand-name products include Theraflu, Poligrip, and Sensodyne. Located in Brentford is GSK.

9. Diageo

Market cap: $99.80 B

Globally, Diageo plc (NYSE:DEO) is among the biggest producers of alcohol. Formerly, Diageo plc (NYSE:DEO) held the title of being the biggest distiller globally. Diageo plc (NYSE:DEO) is one of the most valuable firms in the United Kingdom thanks to its iconic brands, which include Baileys, Smirnoff, Guinness, and Johnnie Walker.

10. RELX

Market cap: $75.91 B

RELX PLC, a company in the information and analytics sector (NYSE:RELX). At the moment, RELX PLC (NYSE:RELX) operates in over 40 countries and its shares are traded on many major exchanges.

In summary

AstraZeneca, a pharmaceutical firm, is currently the largest company in the UK. It is followed by BP, Unilever, HSBC, Shell, and Unilever.

With a market valuation of more than £180.43 billion, AstraZeneca is the biggest corporation in the UK. Shell holds the second-largest market capitalization of any UK corporation, with £159.30 billion.

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