Today’s big news was the hotter than expected UK inflation numbers. Consumer prices rose 10.1% over the last year – higher food prices were a big contributor to that rise. Later in the day the dollar started to rise as US government bond yields rose to 19-year highs.

The FTSE 100 initially fell on the inflation news, but investors became more relaxed as the day wore on and the FTSE 100 closed down a minuscule 11 points at 6924.99. The FTSE 250 fell by much more, down 1.6% at 17,247.55.

Read on to find out why ASOS shares soared 12% even though the company reported a loss. And why Moneysupermarket crashed on concerns that Amazon might eat its lunch.