The FTSE 350 forms the backbone of the British stock market, bringing together the 350 largest publicly traded companies in the country. As a broad-based index, it represents a significant portion of the UK economy, estimated at over 80% of the total market capitalization of the UK stock market. It serves as an important indicator of the United Kingdom's economic health and reflects the performance of companies across various sectors, from financial services to consumer goods and energy.
However, size isn't everything. In a dynamic environment like that of the United Kingdom, the question arises whether the largest companies also generate the best returns for investors. At Obermatt, we've taken on this question and analyzed which FTSE 350 companies truly stand out. In doing so, we've considered not only market capitalization but also fundamental strength and long-term potential.
We present to you the Top 10 Stocks of the FTSE 350 based on their 360° View ranks.
- TBC Bank Group: A Georgian bank headquartered in Tbilisi, Georgia, although the holding company is based in the UK; it offers a range of banking, leasing, brokerage, and insurance services. It has a market capitalization of approximately $2.93 billion.
- Quilter: GlobA British multinational wealth management company headquartered in London, England, providing investment platforms, financial advice, and wealth management services. It employs over 3,000 people.
- Lancashire: A Bermuda-based insurance company operating in London, offering specialty insurance and reinsurance products. It has over 300 employees.
- Sirius Real Estate: A property company headquartered in Berlin, Germany, that invests in and operates business parks in Germany and the United Kingdom. Its market capitalization is over £1.2 billion.
- Tate & Lyle: A global supplier of food and beverage ingredients and solutions, headquartered in London, England. It has around 3,300 employees.
- Just Group: A British financial services group headquartered in Reigate, UK, specializing in retirement income products and services.
- Rank: A UK-based gambling company headquartered in Maidenhead, UK, operating Grosvenor Casinos and Mecca Bingo venues, as well as online gaming sites. It employs between 5,001 and 10,000 people.
- IG: A UK-based online trading provider headquartered in London, offering access to spread betting and CFD trading across various financial markets.
- Howden: A supplier of kitchens and joinery products headquartered in London, UK, to the building trade in the UK and Europe.
- Playtech: A software development company headquartered in Douglas, Isle of Man, providing software platforms and content for the online gambling industry. It has around 7,900 employees across multiple locations.
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