One great example of suspense in the Hobbit is when Bilbo is in Smaug's smoky, gold encrusted lair, trying to find the sparkling cup, without awakening the dragon. A few times, we see the dragon release a puff of smoke, or stir, and Bilbo stops abruptly, than tiptoes forward quietly. There is so much suspense here while we await his fate!!
The word "With Raghu in pursuit" pursuit means chase so its saying that their being chased