London, Jan 21, 2026, 08:34 GMT — Regular session
- Unilever shares climbed 1.4% in early London trading, defying a weaker European market
- Trade and inflation news pushed investors into a “defensive” stance
- Investors are gearing up for Unilever’s full-year earnings report due Feb. 12
Unilever PLC shares climbed 1.4%, hitting 4,842.5 pence by mid-morning in London, up from Tuesday’s close at 4,775 pence. 1
The move was significant as European stocks slipped once more amid renewed trade tensions, investors closely monitoring Davos for any clues. U.S. President Donald Trump had just raised the prospect of tariffs tied to Greenland. 2
Against this backdrop, steady consumer staples attracted inflows while sectors tied to the economy took a hit. UK consumer prices for December also exceeded forecasts, fueling more uncertainty around rate bets. 2
Unilever, known for brands like Dove and Hellmann’s, has seen volatile trading this month as investors juggle its growth potential with its reputation as a defensive stock and reliable dividend payer.
No new company statement came out Wednesday to clarify the early jump in the shares.
Some investors have taken cues from brokers. Berenberg analyst Fulvio Cazzol, on Jan. 19, reaffirmed a buy rating for the stock, setting a price target at 5,600 pence. “The stock [is] attractive,” he noted. 3
Unilever’s U.S.-listed ADRs climbed roughly 0.6% in after-hours trading, hitting $64.90. This marks a more stable move following yesterday’s session in New York.
The broader risk sentiment stayed turbulent. London shares took a steep dive Tuesday following Trump’s tariff warning, prompting investors to trim cyclical bets swiftly amid the headline noise. 4
The downside scenario is straightforward: if trade threats escalate into actual policy or inflation remains stubborn, markets could swiftly adjust growth and margins — even hitting “safe” staples that rely on stable volumes and tight input-cost management.
Unilever is set to release its Q4 and full-year 2025 results on Feb. 12. Traders will be eyeing the management commentary at the CAGNY conference a few days later, on Feb. 17. 5
