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The Ukrainian start-up taking the missile fight deep into Russia
Category
Business
Published
Monday, July 27, 2026 at 6:30 AM
Publisher
The Guardian Business
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The Guardian Business 7 hours ago

The Ukrainian start-up taking the missile fight deep into Russia

Quick Summary

Fire Point makes 100 long-range missiles and thousands of drones a month and is vital to Kyiv’s deep strike capability, says CEO Iryna Terekh Ukraine’s leading arms company is manufacturing about 100 long-range Flamingo cruise missiles a month, a rate able to support an enduring campaign of deep strike against targets hundreds of miles inside Russia. Fire Point is also making FP-1 and FP-2 fixed-wing drones at a rate of “hundreds per day”, according to chief executive Iryna Terekh. Manufacturing at scale is restarting after a pause caused by the delay in signing off €90bn of EU lending to Ukraine . Continue reading...

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Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live
Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live

Rolling coverage of the latest economic and financial news Energy companies BP and Shell are unsurprisingly the worst performers across the FTSE 100 this morning, with their shares down by 3.8% and 2% respectively thanks to the weaker oil price. Overall the energy sector is down by about 2.6%. JD Sports is the best performer, with shares in the fashion retailer up 3.6%. Vodafone is second, with its shares up 3% after an upbeat quarterly update this morning. Continue reading...

The Guardian Business 6 hours ago
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The Guardian Business 8 hours ago
Liberty embraces sewing boom with craft classes as it expands fabrics section
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London store also plans bigger haberdashery area, where it will hold autumn workshops for crafters Liberty has more than doubled the size of its fabrics department as it prepares to embrace the social media interest in sewing by hosting crafting classes this autumn. Fabric sales rose 11% last year at the central London department store, which opened near Oxford Circus in 1924, and Liberty is expecting a similar pace of growth this year as crafters are joined by wealthy overseas shoppers who stock up on luxury fabrics to be tailored into bespoke outfits in their home countries. Continue reading...

The Guardian Business 8 hours ago

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