Unilever stock rebounds in London as Jefferies warns on margins, India tax order watched
Unilever shares rose 1.2% to 4,720.5 pence in early London trading after a turbulent week. Jefferies maintained an “underperform” rating, citing margin and pricing pressures, while Hindustan Unilever said it will appeal a 15.6 billion-rupee tax demand in India. BNP Paribas Exane downgraded Unilever’s U.S. shares to “neutral.”