Vodafone has been ranked as the UK’s most valuable brand and is the seventh most valuable brand in the world, a recent survey has found.

Vodafone, the telecoms giant, managed to nab the top spot from HSBC and was one of 27 British companies that made Brand Finance's Global 500, a list of the world's most valuable brands.

Overall brand value is based on the strength, risk and future potential of a brand, as well as on the company's financial strength.