Biology of Business

FTSE 100

37 companies

Glencore

Commodity Trading/Mining

One of the world's largest commodity trading and mining companies, founded in 1974 and headquartered in Switzerland. Glencore operates the opposite st...

1 mention ftse100

Unilever

Consumer Goods & FMCG

Unilever generated €60.8 billion revenue in 2024 ($65.7B USD), up 1.9% with 4.2% underlying sales growth driven by 2.9% volume increases across Person...

1 mention ftse100, sp500 +2

Admiral Group

Insurance

Pools insurance risk like prairie dog colonies sharing alarm calls, distributed coverage spreads threat across the group so individuals suffer less wh...

ftse100

Anglo American

Mining

BHP made three takeover bids for Anglo American in 2024, with the final £39 billion offer rejected in May. BHP walked away again in November 2025 afte...

ftse100

Antofagasta

Mining

The Luksic family's copper specialist operates four Chilean mines producing 664,000 tonnes annually—a pure-play metabolic strategy betting that electr...

ftse100

AstraZeneca

Pharmaceuticals

AstraZeneca delivered $54.07 billion revenue in 2024 (up 21%) while investing $13.58 billion in R&D—a 25.1% research intensity that signals r-selectio...

ftse100

Auto Trader Group

Automotive & Technology

Auto Trader UK operates a digital watering hole where car buyers and sellers congregate—network effects keep both sides coming back like predators and...

ftse100, ftse250

Aviva

Insurance

Aviva achieved what most insurers announce but fail to deliver: portfolio transformation that actually moves the profit mix. Operating profit jumped 2...

ftse100

BAE Systems

Aerospace & Defense

BAE Systems reported £28.3 billion sales in 2024, up 14% year-over-year, with operating profit exceeding £3 billion for the first time. The £77.8 bill...

ftse100

Barclays

Banking

Barclays is a British multinational investment bank and financial services company with operations in retail banking, wealth management, corporate ban...

ftse100

BP

Oil and Gas / Energy

BP is a case study in how organizational alarm systems fail catastrophically. The 2010 Deepwater Horizon explosion killed 11 workers, spilled 4.9 mill...

ftse100

British American Tobacco

Tobacco

British American Tobacco's 2024 results reveal an organism in mid-metamorphosis: combustibles revenue down 5.2%, New Categories up 8.9%, with Velo nic...

ftse100

BT Group

Telecommunications

BT Group is executing autophagy at infrastructure scale. Revenue dropped 2% to £20.4 billion in fiscal 2025, but adjusted EBITDA rose 1% to £8.2 billi...

ftse100

Burberry

Luxury Fashion

British luxury peacock displaying heritage plumage—trench coats and check patterns signaling old-money taste. Brand dilution in 2000s triggered costly...

ftse100

Compass Group

Food Services

Compass Group posted £42 billion annual revenue in 2024 with 10.6% organic growth globally and 10.5% in the US. This is not a restaurant business—it's...

ftse100

Diageo

Alcoholic Beverages

Diageo's 2024-2025 struggles illuminate the limits of portfolio strategy when underlying demand contracts. The company owns Johnnie Walker, Guinness,...

ftse100

Experian

Information Services

Experian evolved from credit bureau to data analytics powerhouse through network effects and preferential attachment. Revenue hit $7.5 billion in fisc...

ftse100

Ferguson

Distribution

Ferguson operates the industrial economy's mycorrhizal network: 1,700+ locations connecting manufacturers to 35,000 contractors who need plumbing and...

ftse100

GlaxoSmithKline

Pharmaceuticals

GSK's 2024 performance—7% revenue growth, 13% core profit growth, 71 medicines in clinical development—masks a deeper strategic challenge: vaccine sal...

ftse100

HSBC

Banking

HSBC's 2024 restructuring into Eastern and Western divisions—effective January 2025—represents controlled speciation: splitting a global organism into...

ftse100, hangseng

JD Sports Fashion

Retail

JD Sports is a leading retailer of sports fashion and outdoor brands. The company operates over 3,000 stores globally, specializing in athletic footwe...

ftse250, ftse100

Legal & General

Insurance

Legal & General operates at the intersection of longevity risk and capital markets, executing portfolio optimization that most financial services firm...

ftse100

Lloyds Banking

Banking

Lloyds Banking Group reported statutory profit of £4.5 billion in 2024, down 19% from 2023, but the decline masks strategic progress. The mortgage por...

ftse100

LSEG

Financial Services

LSEG's 2024 results—$11.8B revenue, 9.1% EBITDA growth, 363.5p adjusted EPS up 12.2%—demonstrate what happens when a predator successfully digests its...

ftse100

National Grid

Utilities

National Grid submitted a £35 billion business plan to Ofgem for 2026-2031, the largest transmission grid overhaul in generations. This is not increme...

ftse100

NatWest

Banking

NatWest Group is executing financial metamorphosis: transitioning from government-owned rescue case to private-sector competitor. The UK Treasury's st...

ftse100

Ocado Group

Retail & Technology

Ocado is a technology-focused online grocery retailer and solutions provider. The company operates automated warehouses using robotics and AI for effi...

ftse250, ftse100

Prudential

Insurance

Prudential reported £2.29 billion earnings in 2024, up 34% year-over-year, with new business profit of $3.07 million (11% growth at constant exchange...

ftse100

Reckitt

Consumer Goods

Reckitt mastered corporate autophagy in 2024-2025, executing what most consumer goods companies talk about but rarely deliver: selective self-digestio...

ftse100

RELX

Information Services

RELX reported £9.4 billion revenue in 2024, with 7% underlying growth and adjusted operating margin of 33.9%—the highest in its sector. First half 202...

ftse100

Rio Tinto

Mining

Global mining corporation founded in 1873, demonstrating 150 years of survival through commodity price cycles. The company exemplifies counter-cyclica...

ftse100, asx50

Rolls-Royce

Aerospace

British aerospace company that pioneered 'Power by the Hour' (PbH) - a revolutionary outcome-based service model representing organizational mutualism...

ftse100

Shell plc

Energy

Shell navigates ecological succession from oil-age climax to energy transition pioneer—but shows symptoms of mature-stage blindness. The Anglo-Dutch e...

ftse100

SSE

Utilities

SSE is building energy infrastructure through ecological succession: transforming fossil-fuel-dominated grids into renewable-powered networks. The com...

ftse100

Standard Chartered Bank

Banking / Financial Services

British bank formed in 1969 from merger of Standard Bank of British South Africa and Chartered Bank of India, Australia, and China. Exemplifies strate...

ftse100

Tesco

Retail

Tesco posted £3.13 billion adjusted operating profit in 2024/25, up 10.6%, with UK market share hitting 28.5%—a 0.7% gain year-over-year. This is not...

ftse100

Vodafone

Telecommunications

Vodafone completed its £16.5 billion merger with Three UK on May 31, 2025, creating VodafoneThree with 27 million customers—the UK's largest mobile op...

ftse100