1345 GMT - Unilever's outlook for 2026 is underwhelming and reflects difficult market conditions, AJ Bell's Dan Coatsworth says. The consumer-goods giant has seen people trading down to unbranded products, and this is a main reason why emerging markets have been a main place of growth, Coatsworth writes in a note. But even in emerging markets, Unilever has had uneven demand, struggling in markets like China and Latin America, he writes. "It's hard to escape the feeling that the Unilever recovery story is spluttering," he adds. Shares are down 1.5%, or 77 pence, at 52.43 pounds. (aimee.look@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 08:45 ET (13:45 GMT)

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