Two billionaire brothers from Blackburn have been made CBEs a week after clinching a £6.8bn deal to buy the Asda supermarket chain from Walmart.
Mohsin and Zuber Issa were among a number of business bosses on the Queen’s Birthday Honours list.
GlaxoSmithkline chief executive Emma Walmsley was made a dame for services to the pharmaceutical industry.
The drugs firm is one of about 20 that is part of a global race to develop a coronavirus vaccine.
The billionaire Issa brothers started their business 20 years ago with one rented petrol station and grew it into a network of nearly 6,000 forecourts across 10 countries.
It was announced last week that the Issa brothers and private equity firm TDR Capital would take a majority stake in Asda.
Walmart said that, under the new owners, Asda will invest £1bn in the supermarket over the next three years.
She was given a damehood for services to the pharmaceutical industry and business after leading the UK’s biggest drugs manufacturer for the past three years.
GlaxoSmithkline (GSK) is part of the race to develop a coronavirus vaccine, and said last week it had started clinical trials with fellow drugs firm Sanofi.
Property tycoon Tony Gallagher was given a knighthood in relation to his service to “land development and the property business”.
The Gallagher Estates founder is a friend of former Prime Minister David Cameron and a major donor to the Conservative party.
There were also honours for a number of utilities bosses.
Richard Flint, who recently retired as Yorkshire Water’s chief, Olivia Garfield, chief executive at Severn Trent, and Chris Jones, who stepped down as chief of Welsh Water last year, all become CBEs.