Globo joins AIM 100 index on the LSE

Technology developer Globo has joined the AIM 100 index on the London Stock Exchange, the company said Monday.

Technology developer Globo has joined the AIM 100 index on the London Stock Exchange, the company said Monday.

The group was added to the index following a quarterly review by the FTSE.

Globo's shares have also been added on the reserve list for the FTSE AIM UK 50 index.

It comes after Globo said 2012 results were ahead of market forecasts with revenues expected to have risen by about 28% to €58m, compared to €45.3m in 2011.

"Being included in the FTSE AIM 100 index marks another milestone in the rapid development of Globo in the global enterprise mobility market, and reflects investor recognition of the major growth opportunity we have," Chief Executive Officer, Costis Papadimitrakopoulos, said.

Meanwhile, the firm has signed an exclusive distribution agreement in North America with Ingram Micro for its newly launched smartphone technology - Go!Enterprise - Enterprise Mobility in a Box.

"The launch of Go!Enterprise - Enterprise Mobility in a Box and the endorsement we have received from the world's leading mobile technology distributor have generated strong interest from many of our partners and prospects around the world," Papadimitrakopoulos added.

Shares rose 1.69% to 45.00p at 08:24 Monday.

RD

Recommended

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
23 Jan 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
5 Jan 2023
Investing trends to watch out for in 2023: what analysts say
Investment strategy

Investing trends to watch out for in 2023: what analysts say

What are sensible strategies for high inflationary times? We ask analysts to find out.
22 Dec 2022

Most Popular

House prices could fall 30%. Should investors be worried about a repeat of 2008?
Investments

House prices could fall 30%. Should investors be worried about a repeat of 2008?

Some analysts are predicting that house prices could fall as much as 30%, which, when compared to the fact that prices have jumped 28% since April 201…
24 Jan 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Wholesale gas prices are on a downward trajectory, but does this mean lower energy bills later this year?
27 Jan 2023
Council tax increases 2023 – how much more will you pay?
Tax

Council tax increases 2023 – how much more will you pay?

Your council tax bill will go up in April - we reveal the councils that have confirmed what this year’s increase will be.
23 Jan 2023