Today's financial news

Friday 23rd June

<- Back to news

There’s been some dramatic price swings with Bitcoin, Siemens and Ocado hitting the headlines

Play audio

Bitcoin hits $30k

This week, Bitcoin has soared to a 6-week high, breaking the barrier of $30,000 once again. This is as much a psychological barrier as it is a physical one, as many now believe that the April sell of Bitcoin now shows signs of easing and will hopefully settle above the $30,000 level once again. 

Siemens loses wind

German based Siemens energy made their earnings announcement yesterday, which revealed major issues in the section of their business that handles wind turbines. This caused their share price to fall over 30% in a day, as well as negatively impacting other big players in the wind sphere, such as Vestas and Nordex.

Ocado overtake

The e-commerce supermarket chain, Ocado, saw shares soar by over 40% yesterday following rumours of an Amazon takeover which circled the web. As a company that specialises in home deliveries and struggled to regain traction since the Covid-19 pandemic, this was just the news investors were hoping for. However, in the absence of any concrete takeover news, share prices tumbled 8% on Friday morning as investors nervously await an update. 

Sources: AJ Bell, BBC, IG Morning Call, The Guardian, Reuters

Zoe Burt