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UK inflation threat mounts with record increase in factory costs

  Bloomberg UK factories saw costs rise at a record pace at the start of 2017, pointing to increasing upward pressure on inflation that could weigh on the economy this year. A measure of input prices in IHS Markit’s monthly Purchasing Managers Index jumped to the highest since the series began in 1992, it said on Wednesday. The headline activity ...

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Roche sees profit growth hiccup as old drug guard gets replaced

  Bloomberg Roche Holding AG expects to dodge the worst of the fallout from the expiry of patents on its blockbuster medicines. The Swiss drugmaker is rolling out new treatments such as the cancer immune therapy Tecentriq and wrapping up costly clinical trials for two experimental medicines to soften the blow from competition to its ageing cancer blockbusters. That means ...

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BMW pleads for free trade after US border tax threat

  Bloomberg BMW AG Chief Executive Officer Harald Krueger defended the importance of free trade, responding to recent remarks by US President Donald Trump suggesting he’ll push for tariffs to protect American jobs. “As a global company, we’re present on all important markets,” Krueger said at an industry conference in Bochum, Germany. “That also means that we allocate automobile value-creation ...

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