London, Feb 4, 2026, 08:32 GMT — Regular session
- Unilever shares nudged higher in early London action, extending the rally from the previous two sessions.
- A routine voting-rights filing drew focus away from core issues and onto disclosure details.
- All eyes are on Thursday’s Bank of England decision and Unilever’s earnings report due next week.
Unilever (ULVR.L) shares edged up 0.4% to 5,066 pence by 0817 GMT, after opening at 5,033 pence and moving between 5,031 and 5,069 earlier this Wednesday. The stock ended Tuesday at 5,045 pence, up 1.1% for the day. (Share Prices)
The steady climb comes after a steep selloff in AI-exposed UK stocks pushed the FTSE 100 off an intraday record on Tuesday. “Risk appetite just isn’t fully restored,” noted Ipek Ozkardeskaya, senior analyst at Swissquote Bank, pointing to recent swings in commodity-linked shares. (Reuters)
Sterling assets drew strong buying interest this week, sending London’s blue-chip index to a record high close on Monday. The jump was driven by a rotation into defensive stocks, known for their more stable earnings during shaky growth periods. Ozkardeskaya said the trend “reflected improving global risk sentiment,” even as commodity markets remained volatile. (Reuters)
Unilever revealed little fresh detail internally. In a regulatory filing Monday, it stated its issued share capital stood at 2,181,005,247 ordinary shares as of Jan. 30. Out of these, 2,180,690,335 shares had voting rights, excluding a small block held inside the group. (TradingView)
Shareholders rely on these “total voting rights” statements as the basis to figure out if they need to report stakes or changes under UK rules. Typically, they go unnoticed unless they signal a significant capital shift.
Unilever’s next big date is Feb. 12, when it reports Q4 and full-year 2025 results. Five days later, on Feb. 17, the company is lined up to present at the CAGNY consumer conference, providing another critical investor update. (Unilever)
Investors are looking for a clear signal on whether volume is increasing or if sales continue to rely on price cuts. This is crucial as consumers remain cautious about rising grocery bills while retailers ramp up promotions.
Unilever’s portfolio clearly slots it into the global consumer staples arena, going head-to-head with Nestlé and Procter & Gamble. Investors usually zero in on key indicators: volume shifts, pricing power, and signs that rising costs might be eating into margins again.
That said, the setup carries risks. If Unilever flags weaker margins, increased discounting, or softer demand in crucial markets, the recent rally could quickly reverse—especially if risk appetite takes another hit.
Traders are zeroing in on Thursday’s Bank of England decision, watching closely for shifts in the interest rate outlook. After that, all eyes will shift to Unilever’s earnings report on Feb. 12, which has the potential to alter 2026 forecasts.
