U.K. Price disconnect

Shell

Market Cap: UK£192.5b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

GSK

Market Cap: UK£87.0b

Engages in the research, development, and manufacture of vaccines, specialty medicines, and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally.

Barclays

Market Cap: UK£60.4b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

NatWest Group

Market Cap: UK£49.0b

Provides banking and financial products and services in the United Kingdom and internationally.

Prudential

Market Cap: UK£27.9b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

3i Group

Market Cap: UK£27.4b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

International Consolidated Airlines Group

Market Cap: UK£17.5b

Engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally.

Legal & General Group

Market Cap: UK£14.5b

Provides various insurance products and services in the United Kingdom, the United States, and internationally.

J Sainsbury

Market Cap: UK£7.9b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Halyk Bank of Kazakhstan

Market Cap: US$8.9b

Provides corporate and retail banking services in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan.

LondonMetric Property

Market Cap: UK£4.5b

LondonMetric Property Plc is the UK's leading triple net lease REIT with a 7 billion pounds portfolio aligned to structurally supported sectors of logistics, healthcare, convenience, entertainment and leisure.

JD Sports Fashion

Market Cap: UK£3.7b

Engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for women and men in the United Kingdom, Europe, North America, the Asia Pacific, and internationally.

HUTCHMED (China)

Market Cap: UK£1.9b

HUTCHMED (China) Limited, together with its subsidiaries, discovers, develops, and commercializes targeted therapeutics and immunotherapies to treat cancer and immunological diseases in Hong Kong, the United States, and internationally.

Premier Foods

Market Cap: UK£1.7b

Manufactures, distributes, and sells branded and own label food products in the United Kingdom, other European countries, and internationally.

Atalaya Mining Copper

Market Cap: UK£1.2b

Engages in the mineral exploration and development in Spain.

Nationwide Building Society

Market Cap: UK£1.2b

Provides retail banking products and services in the United Kingdom.

Vistry Group

Market Cap: UK£1.1b

Provides housing solutions in the United Kingdom.

Wizz Air Holdings

Market Cap: UK£1.0b

Engages in the provision of passenger air transportation services in Europe, Iceland, Liechtenstein, Norway, and Switzerland, the United Kingdom, and Other European countries.

Dar Global

Market Cap: US$1.4b

Engages in the development and sale of real estate projects in the United Kingdom and internationally.

Goodwin

Market Cap: UK£956.7m

Provides mechanical and refractory engineering solutions in the United Kingdom, rest of Europe, the United States, the Pacific Basin, and internationally.

Trainline

Market Cap: UK£870.5m

Engages in the operation of an independent rail and coach travel platform that sells rail and coach tickets worldwide.

Irish Continental Group

Market Cap: UK£838.6m

Operates as a maritime transport company in Ireland, the United Kingdom, and Continental Europe.

GlobalData

Market Cap: UK£598.3m

Operates as a data, insight, and technology company in Europe, North America, and the Asia Pacific.

ME Group International

Market Cap: UK£545.2m

Provides automated instant-service equipment in the United Kingdom.

Craneware

Market Cap: UK£485.4m

Develops, licenses, and supports computer software for the healthcare industry in the United States.

GB Group

Market Cap: UK£436.5m

Provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally.

Rank Group

Market Cap: UK£425.8m

Engages in provision of gaming services in the United Kingdom, Europe, and internationally.

Sabre Insurance Group

Market Cap: UK£389.9m

Through its subsidiaries, writes general insurance for motor vehicles in the United Kingdom.

AltynGold

Market Cap: UK£347.1m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Nichols

Market Cap: UK£343.8m

Engages in supply of soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom, the Middle East, Africa, and internationally.

Integrated Diagnostics Holdings

Market Cap: US$361.0m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

Sylvania Platinum

Market Cap: UK£254.8m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

On the Beach Group

Market Cap: UK£248.9m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

Serabi Gold

Market Cap: UK£242.4m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Franchise Brands

Market Cap: UK£239.6m

Through its subsidiaries, engages in franchising and related activities in the United Kingdom, Ireland, North America, and Continental Europe.

B.P. Marsh & Partners

Market Cap: UK£239.4m

Invests in early-stage and SME financial services intermediary businesses in the United Kingdom and internationally.