European Movers: Logitech (LOGN SW) +2.5%, Fraport (FRA GY) 0.3%, HSBC (HSBA LN) -1.2%, STMicroelectronics (STMPA FP) -1.3%, Vonovia (VNA GY) -4.6%, Lanxess (LXS GY) -7.3%

Fraport (FRA GY) upgraded to Buy from Neutral at BofAHSBC (HSBA LN) - Co. is weighing job cuts that could affect about 20k roles (around 10% of its workforce), over 3-5 years, Bloomberg reports. (Bloomberg)Lanxess (LXS GY) - FY 2025 (EUR): Sales 5.67bln (prev. 6.37bln Y/Y), Net Income -577mln (prev. -177mln Y/Y), EBITDA preexceptionals 510mln (prev. 614mln Y/Y), guides 2026 EBITDA pre-exceptionals between 450-550mln. Plans to cut an additional 550 jobs to meet permanent annual savings of around EUR 100mln by the end of 2028. (Lanxess)Logitech (LOGN SW) - Board approved a new three-year share buyback programme for up to USD 1.4bln; along with the USD  600mln programme approved in March 2025, the authorisation aligns with the companyʼs stated target of USD 2bln in buybacks  over three years, outlined at its 2025 investor day.  Vonovia (VNA GY) - FY 2025 (EUR): Adj. Pretax Profit 1.9bln (prev. 1.82bln Y/Y), Adj. EBITDA 2.8bln (exp. 2.76bln), confirms 2026 guidance and 2028 objectives. (Vonovia)Semiconductors - Micron (MU) delivered Q2 earnings that beat estimates, but shares have fallen in extended trading as the Co.  flagged higher capex plans.