London, Feb 10, 2026, 09:15 GMT — Regular session
- SSE shares edged up roughly 0.6%, trading at 2,515 pence shortly after London opened.
- UK bonds stayed jittery, with volatility in the market lingering as Prime Minister Keir Starmer faced renewed political pressure.
- Eyes are on SSE’s April 2 statement, with full-year results expected on May 28.
SSE Plc SSE.L climbed 0.6% to 2,515 pence as of 09:15 GMT, edging close to the upper limit of its 52-week stretch after finishing Monday at 2,499 pence. Shares moved in a range from 2,480 to 2,515 pence during the session.
Investors gave markets a slight bump, but lingering political risks in Britain kept nerves tight—spilling into rates and sterling alike. UK assets faltered on Monday as resignation pressure mounted on Starmer following the exit of two top aides. “UK leaders were dealt the same fiscal hand,” a Lloyds strategist noted. Rabobank’s Benjamin Picton didn’t mince words, saying the unrest was “creating the impression that his days are numbered.” Reuters
Utilities tend to act as “bond proxies,” so when government borrowing costs climb, their extended cash flows lose some appeal. On Tuesday, the UK 10-year gilt yield slipped closer to 4.5% following a volatile Monday, leaving the sector’s rate sensitivity in the spotlight. Trading Economics
The last time SSE updated investors was back on Feb. 4, forecasting adjusted earnings per share for 2025/26 in the 144 to 152 pence range. That outlook, the company noted, still hinges on factors like weather, market swings, and whether its plants stay online. Another update is due in SSE’s April 2 “closed period” statement, published during the restricted trading window before results. SSE also pointed out it’s reviewing whether Ofgem’s latest transmission package is investable, with a decision needed before the March 3 cutoff. SSE
The group is pressing ahead with a hefty capital program, having set out a 33 billion pound, five-year plan last November to bolster UK electricity grids and grow its renewables arm. CFO Barry O’Regan said the company’s priority remains “accelerating investment” as it advances the initiative. Reuters
Regulation keeps shifting beneath investors’ feet. Ofgem’s RIIO-3, the next round of network price controls, is locked in from April 1, 2026, through March 31, 2031. Over that five-year stretch, allowed returns and spending caps laid out by Ofgem will shape how much cash companies can generate—and how much debt they’ll need to take on across the sector.
But risks are hard to ignore. SSE depends heavily on weather patterns for renewables output, and its performance hinges on keeping operations running smoothly. A fresh jump in borrowing costs? That would make things tougher for utilities like SSE, which carry significant debt and rely on big investments.
Traders now turn to SSE’s closed-period statement, expected April 2, for clues on how the year is shaping up. Preliminary results for the year ended March 31 are set to arrive May 28.
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