Bloomberg Britain kept to its borrowing forecasts in a pre-election boost for Chancellor of the Exchequer Philip Hammond but cracks in the public finances are appearing as consumers feel the pain from inflation. The deficit narrowed to 52 billion pounds ($66.6 billion) in the fiscal year through March, in line with the 51.7 billion pounds forecast by budget officials ...

  Bloomberg Swiss drugmaker Novartis AG said it will scout for medicines that are in earlier stages of development as acquisition price tags climb across the industry. “The price of some of these assets has increased to the point that we don’t feel like we can create value for Novartis shareholders,’’ Chief Executive Officer Joe Jimenez said on a conference ...

  Bloomberg European investors who shunned London’s commercial property in the run-up to the Brexit referendum are flocking back as the weak pound cuts prices and electoral uncertainty on the continent makes the UK seem a good place for buyers to spread their bets. Investors from Europe plowed 1.7 billion pounds ($2.2 billion) into the capital’s offices, shops and warehouses ...