London, Jan 9, 2026, 10:48 GMT — Regular session

• Unilever shares rose about 1.2% in early London trade after a volatile week
• Jefferies stuck with an “underperform” view, flagging margin and pricing pressure risks
• The group’s India arm said it will appeal a 15.6 billion-rupee tax demand

Unilever shares rose 1.2% to 4,720.5 pence by 1033 GMT, bouncing from an early low of 4,678 pence as investors weighed fresh broker caution against a steady stream of company updates. The stock has traded between 4,123 and 4,930 pence over the past 52 weeks. ( Shareprices)

Why it matters now: Unilever heads into a key reporting stretch with the market fixated on whether growth in 2026 comes from higher volumes, not just…