Brand Finance releases its annual list of brand value.

Brand Finance‘s annual league table reveals the world's most valuable brands, with last year's top brand Wal-Mart slipping down to third and Google taking its place at number 1.

Apple gained the most places, moving up twelve to come in at number 8. Coca-Cola dropped out of the top ten for the first time, losing thirteen places and going from 3rd to 16th.

Nine out of the top ten brands are from the US, the other being telecom company Vodafone from the UK.

Here is the list of the top ten brands:

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