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Nestlé now Europe’s most valuable company

© Alexey Novikov |

Volatile markets have been reshuffling the ranking of the world’s most valuable companies. Over the course of the last six months, Nestlé overtook Royal Dutch Shell to become Europe’s most valuable company.

At the end of June 2018, Royal Dutch Shell had Europe’s highest market capitalisation (US$ 293 billion), making it the world’s 13th most valuable company, while Nestlé ranked 21st globally, with a market capitalisation of US$ 233 billion.

Since then the ranking has changed. By 10 January 2019, Nestlé’s market capitalisation had climbed to US$ 256 billion, while Royal Dutch Shell’s had sunk to US$ 250 billion, according to Bloomberg.

However, these European giants pale in size when compared to the global heavyweights. The world’s most valuable companies on 9 January 2019 were Amazon (US$ 811 billion), Microsoft (US$ 806 billion), Alphabet (US$ 750 billion) and Apple (US$ 725 billion). In the past both Apple and Amazon have passed the milestone of a market capitalisation of more than US$ 1 trillion.

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