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  Bloomberg Asos Plc is moving its stock listing to the London stock exchange’s main market in a long-anticipated shift to attract more investors as demand for party dresses and formal wear fuels sales. The UK online fashion retailer also said Thursday that sales over Christmas were solid, helped by brands like Topshop. After shocking the market with a profit …

  Bloomberg European stocks slipped with US futures as investors digested the latest read on American inflation and assessed bets on timing for the first Federal Reserve rate increases in the pandemic era. The Stoxx Europe 600 Index traded slightly lower after two days of gains, with technology and miners offsetting declines in travel and leisure and consumer products. Contracts …

  Bloomberg The great sorting of electric-vehicle companies is under way in the stock market. Investors have embraced Tesla Inc and its meteoric rise as the biggest carmaker by market value, while Ford Motor Co has more than doubled in the past year on its EV plans. On the other hand, new entrants with little in the way of earnings, …

  Bloomberg India is pushing for a valuation of about $203 billion for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, even as arrangers awaited a final report on the firm’s estimated worth. The so-called embedded value of Life Insurance Corp. of India is likely to be more than 4 trillion rupees, and …

  Bloomberg Oil climbed to its highest level since November as two major agencies indicated that markets may be tighter than previously forecast. West Texas Intermediate traded above $82. On Wednesday, the International Energy Agency’s Fatih Birol said the relatively small hit to demand from omicron means consumption has been stronger than many observers had expected. That followed a monthly …

  Bloomberg Soaring energy prices are putting the squeeze on European consumers desperate for some relief after two years of coronavirus, lockdowns and job worries. The financial pain is taking a toll on households, who are more worried about prices than at any time this century, and feel less inclined to splurge, according to a European Commission survey. If demand …

  Bloomberg Electricite de France SA delayed the startup of a new nuclear reactor in western France that was already a decade late, and raised its budget for the project yet again. Fuel will now be loaded into the Flamanville-3 reactor in second quarter of next year rather than at the end of 2022, EDF said on Wednesday, citing complications …

  Bloomberg AP Moller-Maersk A/S, one of the world’s largest oil consumers, is ramping up plans to eliminate carbon emissions after finding green alternatives to fuel its fleet of ships. The container shipping giant said it will hit its goal of becoming carbon neutral in 2040, 10 years earlier than planned, and the target will now also cover indirect, so-called …

  Bloomberg Cathay Pacific Airways Ltd Chairman Patrick Healy said the airline will cooperate with two government investigations after outbreaks of the Omicron variant were traced back to crew who were allowed to skip strict quarantine requirements aimed at keeping the city Covid free. Hong Kong Chief Executive Carrie Lam on Tuesday reimposed some of its strictest virus curbs since …

  Bloomberg Flights out of some airports on the US West Coast were briefly halted by aviation regulators as a precaution after North Korea launched a high-speed missile in a test. The so-called ground stop, which paused departures from an unspecified number of airports, lasted less than 15 minutes. North Korea’s missile flew at almost 10 times the speed of …