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EQS-News: FUCHS concludes financial year 2023 with new record highs

Retrieved on:

Wednesday, March 13, 2024

„2023 was a very successful year for FUCHS, with new record highs for sales revenues, EBIT and free cash flow.

Key Points:

„2023 was a very successful year for FUCHS, with new record highs for sales revenues, EBIT and free cash flow.
With the construction of a new plant in Vietnam, the path is set for expansion in another Asian growth market.
A total of up to 8 million shares with a total price of up to EUR 280 million are to be acquired.
In all three cases, we were able to excel due to the combination of global support, technological excellence and a motivated on-site FUCHS team.

Houlihan Lokey Launches Sustainability Advisory Services Practice and Announces Senior Hire

Retrieved on:

Tuesday, September 5, 2023

Professional Services, Environmental, Social and Governance (ESG), Environment, Sustainability, Finance, Asset Management, Banking, Infrastructure, Disclosure, Risk management, Refinitiv, Sustainalytics, FVA, ESG, Benchmarking, Credit, NYSE, Audit

The new practice, called Sustainability Advisory Services, will be co-led by Charlotte Peyraud, who has joined as Co-Head of Sustainability Advisory Services alongside Rob Teigman, Co-Head of FVA’s Energy and Infrastructure practice.

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The new practice, called Sustainability Advisory Services, will be co-led by Charlotte Peyraud, who has joined as Co-Head of Sustainability Advisory Services alongside Rob Teigman, Co-Head of FVA’s Energy and Infrastructure practice.
“Throughout her career, Charlotte has advised board members, management teams, and other stakeholders on sustainability issues, long before ‘ESG’ became common terminology.
We are delighted that Charlotte has joined us to lead this new practice and strengthen Houlihan Lokey’s commitment to sustainability and ESG-focused offerings,” said Kreg Jackson, Global Co-Head of Financial and Valuation Advisory.
Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory.

FDA Reiterates that Current Exposure to Phthalates in Food Contact Applications Is Safe; Stands by its 2022 Decision on FVA/Industry Petition

Retrieved on:

Monday, July 31, 2023

Science, Food, Food packaging, FDA, FVA, Regulation of food and dietary supplements by the U.S. Food and Drug Administration, Safety, Generic drug, Dietary supplement

The citizen petition requested a ban on the use of eight ortho-phthalates and revocation of the prior sanctioned uses for five other ortho-phthalates in food based on alleged safety concerns.

Key Points:

The citizen petition requested a ban on the use of eight ortho-phthalates and revocation of the prior sanctioned uses for five other ortho-phthalates in food based on alleged safety concerns.
In denying the latest citizen petition, FDA concluded "that it does not provide a basis for modifying the FDA's response to the original petition (of May 19, 2022)."
"We will continue to ensure the safe use of these materials in accordance with ongoing FDA food contact regulations."
"It's also apparent, in denying the citizen petition today, that the FDA came down, again, on the side of science and data, in making its decision," said Ott.

ICO Sandbox publishes its exit report following work with ‘Good With’ – a startup aiming to give young adults fairer access to financial products and services

Retrieved on:

Monday, April 17, 2023

Fintech, Good Technology, FVA, Method, App Store (iOS/iPadOS), Online shopping, Sandbox

The ICO’s Regulatory Sandbox aims to support organisations who are creating products and services which utilise personal data in innovative and safe ways.

Key Points:

The ICO’s Regulatory Sandbox aims to support organisations who are creating products and services which utilise personal data in innovative and safe ways.
Good With, a fintech and edtech start-up, entered the Sandbox as part of its work to develop mobile applications which will help educate young adults on personal finance.
It plans to develop a Financial Virtual Assistant (FVA) app which will combine various personal data sources to produce a ‘financial readiness score’.
Good With hopes this readiness score will help to provide the FVA’s users (18-24-year-olds), who might struggle to obtain credit via traditional methods, with fairer access to financial products and services.

EQS-News: FUCHS successfully completes challenging year 2022

Retrieved on:

Saturday, March 11, 2023

Courage, EBIT, Climate, Annual, FVA, Public expenditure, Nye Lubricants, Growth, Friction, Culture, Lubricant, EUR, Policy, Lithium, Film industry

FUCHS achieved an EBIT of EUR 365 million in the very challenging year 2022, slightly above the prior year.

Key Points:

FUCHS achieved an EBIT of EUR 365 million in the very challenging year 2022, slightly above the prior year.
“The Russian-led war in Ukraine was the most affecting theme for us in 2022.
For 2022 again, FUCHS proposes to the Annual General Meeting a dividend increase by 4%, to EUR 1.07 (1.03) per preference share and EUR 1.06 (1.02) per ordinary share.
Strong growth in sales revenues and robust earnings in a challenging economic environment underpin the success of FUCHS’s business model.

Monoprice Adds Prosumer 8K AV Hardware to its Blackbird Product Line

Retrieved on:

Thursday, February 23, 2023

HDR, VRR, MSRP, Matrix, Blackbird, Television, DTS, Monoprice, HDR10, Dolby Vision, HDMI, EDID, Dolby, FVA, Variable, LPCM, HLG, Fashion accessory, K, AV, Cable television

BREA, Calif., Feb. 23, 2023 /PRNewswire/ -- Monoprice, the low-price leader in high-performance AV equipment, today announced the addition of five new 8K hardware solutions to its Blackbird line of prosumer AV products. With these new 8K capable HDMI splitters, switches and matrix solutions, Monoprice is making the transition to 8K extremely cost effective for home AV and enterprise customers.

Key Points:

A variety of new 8K HDMI switch, splitter and matrix solutions have been added to Monoprice's Blackbird line of AV solutions
BREA, Calif., Feb. 23, 2023 /PRNewswire/ -- Monoprice , the low-price leader in high-performance AV equipment, today announced the addition of five new 8K hardware solutions to its Blackbird line of prosumer AV products.
With these new 8K capable HDMI splitters, switches and matrix solutions, Monoprice is making the transition to 8K extremely cost effective for home AV and enterprise customers.
"Our Blackbird line of prosumer AV solutions has long been a go-to source for home entertainment enthusiasts and integrators looking to create powerful and vastly capable AV systems," said Rob Fleck, business unit manager, Monoprice.
With these new Blackbird 8K-capable hardware solutions, we're driving down the cost of building out ultra-immersive 8K home entertainment and commercial AV systems, making it affordable to be an early adopter."

o9 Solutions and Supply Chain Insights With LKQ Europe Reveal Significant Supply Chain Planning Improvements Following the First-Ever Pilot to Test Outside-In Planning

Retrieved on:

Monday, November 21, 2022

o9 Solutions , a leading enterprise AI software platform provider for transforming planning and decision-making, and analyst firm Supply Chain Insights today announced that LKQ Europe captured significant supply chain planning insights as a result of the companys participation in a pilot program designed to test outside-in planning concepts through Project Zebra .

Key Points:

o9 Solutions , a leading enterprise AI software platform provider for transforming planning and decision-making, and analyst firm Supply Chain Insights today announced that LKQ Europe captured significant supply chain planning insights as a result of the companys participation in a pilot program designed to test outside-in planning concepts through Project Zebra .
Co-founded by o9 and Supply Chain Insights, Project Zebra is an open-source industry effort to define and activate outside-in processes to prove the value of outside-in supply chain planning processes.
LKQ Europe also captured significant insights by measuring the impact of the bullwhip effect as part of the Project Zebra pilot program.
Congratulations to LKQ Europe for its work as a supply chain innovator, said Lora Cecere, Founder of Supply Chain Insights.

California Community Foundation Announces 2022 Fellowship for Visual Artist Fellows

Retrieved on:

Wednesday, August 31, 2022

LOS ANGELES, Aug. 31, 2022 /PRNewswire/ -- The California Community Foundation (CCF) has named 12 Los Angeles County artists as recipients of the CCF Fellowship for Visual Artists (FVA) , totaling $480,000 in unrestricted grants.

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LOS ANGELES, Aug. 31, 2022 /PRNewswire/ -- The California Community Foundation (CCF) has named 12 Los Angeles County artists as recipients of the CCF Fellowship for Visual Artists (FVA) , totaling $480,000 in unrestricted grants.
"CCF is proud to support our Fellowship for Visual Artists fellows in their artistic careers and we celebrate their commitment to transforming communities through their work.
"As a Southeast Asian refugee, artist, educator, community advocate and single parent, I persist in integrating the most significant aspects of my life," said 2022 FVA fellow Phung Huynh.
The California Community Foundation (CCF)has served as a public, charitable organization for Los Angeles County since 1915.

Houlihan Lokey Expands Its Financial and Valuation Advisory Business in India

Retrieved on:

Thursday, June 2, 2022

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Rishi Aswani has joined the firms Financial and Valuation Advisory (FVA) business in Mumbai as a Managing Director in the Portfolio Valuation and Fund Advisory Services practice.

Key Points:

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Rishi Aswani has joined the firms Financial and Valuation Advisory (FVA) business in Mumbai as a Managing Director in the Portfolio Valuation and Fund Advisory Services practice.
Mr. Aswani joins from Duff & Phelps in Mumbai, where he was a Managing Director and Head of Portfolio Valuation and Secondary Market Advisory in India.
Prior experience also includes roles at Apollo Global Management and Avista Advisory Group, also in Mumbai.
Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation.

FDA Grants FVA Petition to Remove 25 Phthalates No Longer Used; Finds Current Exposure to Phthalates in Food Contact Applications to Be Safe

Retrieved on:

Friday, May 20, 2022

Society of Chemical Manufacturers and Affiliates, Regulation of food and dietary supplements by the U.S. Food and Drug Administration, FVA, Food, Non-governmental organization, Science, Review, FDA, Industry, Polyvinyl chloride, Safety, Organization, Food packaging, Compounding, Society, PVC, Dietary supplement

FVA submitted its petition to remove these substances from the list of food additive clearances in November of 2018.

Key Points:

FVA submitted its petition to remove these substances from the list of food additive clearances in November of 2018.
FVA members requested that FDA remove these substances because they are "simply no longer employed in food contact or packaging applications," said Kevin Ott, FVA's Executive Director.
To succeed with this petition, FVA demonstrated a long history of non-use of all 25 phthalates in food packaging by working with FVA members and other industry organizations to survey real-life use of phthalates in food packaging.
In a second filing released today, FDA denied a food additive petition submitted by several NGOs requesting removal of all clearances for phthalates used in food contact applications.