Google leaps up FT Global 500 ranks

Google's phenomenal share price advance makes the internet search group now one of the world's 100 largest companies with a market capitalisation of more than $50bn, according to the updated version of the FT Global 500 rankings.

Companies are ranked in order of their stock market value as of June 30; the previous rankings were compiled on March 31. Google has jumped from 279th to 95th during that period.