London, January 22, 2026, 09:18 GMT — Regular session
- Unilever shares edged up 0.3% in early London trading, moving mostly in step with a stronger FTSE 100.
- Markets stabilized once U.S. President Donald Trump backed off from the threatened tariffs tied to Greenland.
- Investors are gearing up for Unilever’s Feb. 12 earnings, seeking clues on volumes and margins.
Unilever PLC shares (ULVR.L) edged up 0.26% to 4,797.5 pence Thursday, gaining 12.5 pence. The FTSE 100 climbed 0.75% on the day. Trading ranged from 4,771.0 to 4,805.5 pence, well within its 52-week span of 4,584.5 to 5,523.75. 1
The slight rally followed investors stepping back into risk after Trump dropped threats to slap tariffs linked to a Greenland dispute and hinted that a deal framework was close. He announced he wouldn’t go ahead with tariffs set for Feb. 1, easing some of the market tension that had risen earlier this week. 2
This is important for Unilever, which operates across key markets and reports earnings in euros, though its London shares trade in sterling. When trade policies shift alongside currency moves, major global staples often become a barometer for market sentiment—even without any new company developments.
European stocks swung wildly on Wednesday but ended the day flat after Trump eased up on his Greenland comments at Davos. UBS strategist Sutanya Chedda noted the bank’s focus on sectors “less internationally exposed and more domestically aligned,” signaling investors remain selective even as markets bounce back. 3
Unilever’s next major test lies in its upcoming earnings and forecast. While the stock’s daily fluctuations have been muted, investors remain quick to penalize consumer companies that fall short on sales or projections.
Unilever plans to release its Q4 and full-year 2025 results on Feb. 12, according to its investor calendar, followed by a presentation at the CAGNY Conference on Feb. 17. Investors will be focused on whether sales volumes remain steady as pricing pressures ease, and if the company can maintain its margins. 4
The group is still adjusting following a portfolio reshuffle. Back in December, it announced an 8-for-9 share consolidation, coming after the spin-off of its Magnum ice cream unit. This move tweaks the quoted share price without impacting the actual value per share. 5
Leadership changes across the consumer sector kept investors cautious about execution risks. On Wednesday, Barry Callebaut appointed former Unilever chief Hein Schumacher as CEO. Chairman Patrick De Maeseneire told analysts that “doing a transformation requires a certain profile of leader.” 6
Unilever wasn’t directly part of that deal, but it highlights the challenge consumer groups face in managing restructurings and spin-offs while maintaining steady day-to-day sales.
Politics could quickly rear its head again as a risk. Should tariff threats resurface or inflation and interest rates remain stubborn, the usual defensive support for staples might weaken, while cost pressures could return in supply chains.
Legal and regulatory hurdles remain a constant in major markets. This month, Hindustan Unilever reported receiving a tax demand for 15.6 billion rupees ($173.6 million). The company intends to challenge the order, asserting it won’t significantly affect its finances or operations. 7
Tariff news will stay in focus today, but Unilever’s stock faces its next major checkpoint on Feb. 12, when it releases earnings and lays out the outlook for 2026.
