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Just five British businesses make Forbes’ Most Innovative List

Forbes has recently published its ‘World’s Most Innovative Companies’ list for 2015, in which only five UK businesses were ranked in the top 100.

Cambridge-based chip designer, Arm Holdings, whose technology is used in almost all of the world’s smartphones, was the only British firm to reach the top 50 – taking fifth spot on the list.

The $12.9bn (£8.3bn) FTSE 100 company saw its sales grow by 17.5% in the last year and reported a 22% increase in quarterly revenue to £228.5m.

There have been warnings however, that due to a slowdown in the smartphone industry, that the company’s growth will level off.

The second UK firm to make the list was consumer goods giant, Reckitt Benckiser, which is valued at $66.5bn (£42.7bn) and owns brands such as Nurofen and Durex.

The company achieved 53rd place in the rankings and has recently benefitted from increasing sales of non-prescription cold and flu medicines.

Reckitt Benckiser recently purchased the K-Y lubricant brand from US giant Johnson & Johnson, but was dealt a blow by the Competition and Markets Authority (CMA) who have said the company must license out the K-Y brand to a competitor, to allow another business time to challenge the company’s grip on the UK lubricants market. Following this decision by the CMA, shares in the company fell by 3%.

The remaining three UK companies were credit checker Experian, outsourcer Capita and medical equipment manufacturer Smith & Nephew.

Businesses are ranked by Forbes using their ‘innovation premium’, which is calculated as the difference between their market capitalisation and a net present value of cash flows from existing companies.

In order to be considered, businesses need seven years of public financial data and a market capitalisation of at least $10 billion (£6.4bn).

The title of World’s Most Innovative Company 2015 was awarded to American electric car manufacturer, Tesla, who has taken the crown from Apple.

Tesla is on course to gross $5.5 billion (£3.5bn) this year, a 54% increase on 2014 according to the company. Share values have increased fifteen-fold since the company was floated in 2010 to a recent market cap of $33bn.

The company led by Elon Musk, produced the first fully electric sports car and it is currently in the process of building a lithium-ion battery ‘Gigafactory’ in Nevada, which is expected to reduce the cost of batteries by 30%.

The top 10 companies are outlined below, but the full list can be found here.

Rank

Company

Country

12-Month Sales Growth

Innovation Premium*

#1

Tesla Motors

United States

52%

84.82%

#2

Salesforce.com

United States

28.44%

77.81%

#3

Alexion Pharmaceuticals

United States

22.7%

72.5%

#4

Regeneron Pharmaceuticals

United States

35.91%

72.13%

#5

ARM Holdings

United Kingdom

-

69.76%

#6

Unilever Indonesia

Indonesia

8.57%

67.9%

#7

Incyte

United States

73.42%

67.85%

#8

Amazon.com

United States

17.18%

67.64%

#9

Under Armour

United States

28.77%

66.56%

#10

BioMarin Pharmaceutical

United States

35.58%

65.19%



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