European Movers: JD Sports (JD/ LN) +2.4%, PostNL (PNL NA) +5.2%, Rolls-Royce (RR/ LN) -1.0%, Pernod Ricard (RI FP) -3.1%, Belimo (BEAN SW) -6.1%, Johnson Matthey (JMAT LN) -13.2%

JD Sports (JD/ LN) - Co. launches GBP 200mln share buyback. (JD) 

PostNL (PNL NA) - FY 2025 (EUR): Revenue 973mln (prev. 937mln Y/Y), Normalised EBIT 79mln (prev. 62mln Y/Y). (PostNL)

Rolls-Royce (RR/ LN) - Rolls-Royce is expected to announce a new GBP 1.0-1.5bln share buyback alongside its annual results this week, in addition to a final dividend, highlighting strong free cash flow and record profits as the company continues its turnaround under CEO Tufan Erginbilgic after facing significant financial pressure during the Covid pandemic, Sky News reports. In other news, the FT reports that the Co. is urging the UK government to subsidise engine project. (Sky News / FT) 

Pernod Ricard (RI FP) downgraded to Sell from Hold at Deutsche Bank

Belimo (BEAN SW) - FY 2025 (CHF): Revenue 1.12bln (exp. 1.11bln), EBIT 233mln, +28.6% Y/Y. Proposed dividend of CHF 10/shr, +5.3% Y/Y. (Belimo)

Honeywell (HON) / Johnson Matthey (JMAT LN) - Honeywell announced an amended agreement to acquire Johnson Matthey's Catalyst Technologies business segment; total transaction consideration is GBP 1.32bln. Also extends the long stop date to July 21, 2026. If any of the regulatory approvals are not satisfied by the long stop date, the long stop date may be extended to August 21, 2026, if certain conditions are met. (Honeywell)