Articles & Analysis

Week of 2026-W02

Business Post Weekly Intelligence Briefing | Business Post

Business Post Weekly Intelligence Briefing

Week of 8–14 January 2026: Key Stories, Official Records & Cross-Domain Insights

Source: ARTICLES | Period: 2026-01-08 to 2026-01-14

Weekly Intelligence Briefing | 8–14 January 2026

Ireland opens 2026 with a banking takeover bid, two unicorn moments, and a Guinness price hike — a week that set the tone for the year ahead

The first full working week of 2026 delivered a concentrated burst of deal activity, distress signals, and strategic pivots across Irish business. Austrian bank Bawag entered exclusive talks to acquire Finance Ireland for up to €300 million — a deal that would hand a foreign lender a foothold in Irish car finance, SME lending, and mortgages. Meanwhile, two Irish-backed tech companies crossed the billion-dollar valuation threshold in the same week, and Diageo's new chief executive made his first major move by raising the price of Guinness by 7 cents a pint. The Business Post published 217 articles across the period, with Vish Gain (56 articles), Matthew Joyce (25), and Fionn Thompson (24) driving the bulk of the output.

217

Articles Published

€300m

Finance Ireland Deal Value (est.)

Irish-Backed Unicorns This Week

€5bn

NTMA Bond Raise (Day 1 of 2026)

900

Insolvencies Forecast for 2026 (Deloitte)

By the Numbers

Metric	Value	Signal
Finance Ireland acquisition value (est.)	€250–300m	M&A Active
Aikido Security valuation (post-raise)	$1bn	Unicorn
Project Eleven valuation (up from $28m)	$120m	+329% YoY
NTMA 2026 bond order book	€43bn	AA Rated
Diageo Guinness price hike (per pint, ex-VAT)	7 cents	Cost Pressure
Deloitte 2026 insolvency forecast	900 companies	Rising Risk
Logitech Ireland revenue growth (to Mar 2025)	+41% to €47.1m	Standout
Dublin residential transactions (Jan 1–14)	257	Market Active

Business Post AI Pick: Ireland's Dual-Speed Economy This week crystallised a pattern that will define 2026: Ireland's tech and financial services sectors are accelerating — two unicorn valuations, a €5bn sovereign bond oversubscribed 8.6x, and a major banking acquisition — while the hospitality and retail SME sector faces a Deloitte forecast of 900 insolvencies this year. The same week that Aikido Security hit $1bn, the Vintners' Federation warned that Diageo's price hike would push more pubs to the wall. Two Irelands, one week.

  Pattern of the Week: The Austrian Arrival
  Bawag's move on Finance Ireland is the latest in a series of European banks eyeing Ireland's non-bank lending gap. Finance Ireland — backed by PIMCO (51%) and M&G — provides car finance, SME loans, and mortgages. A Bawag acquisition would give it access to cheaper deposit funding, potentially reshaping pricing in the Irish lending market. Watch for regulatory clearance timelines and whether PTSB, also reportedly on Bawag's radar, becomes a second target.

The Investigation

M&A, Funding & Deals: A Week of Concentrated Activity

Over the past seven days, the Business Post covered a remarkable concentration of deal activity across Irish business. The headline was Bawag's move on Finance Ireland — but beneath it, a pattern of Irish companies raising capital, acquiring targets, and expanding internationally was unmistakable. From a Limerick pharmacy software firm being absorbed by a Dublin PLC to a Monaghan healthtech startup attracting New York investment, the week showed Irish enterprise operating across multiple scales simultaneously.

Story	Category	Value / Scale	Signal
Bawag acquires Finance Ireland	Banking M&A	€250–300m	Transformative
Aikido Security unicorn raise	Tech Funding	$60m / $1bn val.	Unicorn
Project Eleven hits $120m	Tech Funding	$120m val. (+329%)	Breakout
Uniphar acquires TouchStore	Pharma M&A	Undisclosed	Strategic
Nutritics backed by Kester Capital	FoodTech PE	£10–75m range	Growth
Spryt valued at €12.5m	HealthTech	€12.5m val.	Early Stage
NTMA €5bn bond raise	Sovereign Finance	€5bn / €43bn book	AA Rated
Deloitte: 900 insolvencies forecast	Insolvency Risk	900 companies	Warning

Stress Signal: The Insolvency Tide Has Not Turned Deloitte's forecast of 900 corporate insolvencies in 2026 — up from the 2025 level — sits uncomfortably alongside the week's deal headlines. The firm's analysis, reported by the Business Post, identifies hospitality and retail SMEs as most exposed, driven by rising labour costs, energy bills, and the inability to repay Covid-era debt. Court-appointed liquidations rose 58% in 2025, with Revenue Commissioners driving 55% of those appointments. The same week that Guinness prices rose 7 cents, the Vintners' Federation warned that pub closures are accelerating. The numbers are connected.

Standout: Ireland's Sovereign Credit Strength The NTMA's €5bn bond raise — generating an €43bn order book, 8.6x oversubscribed — is a reminder that Ireland's sovereign credit story remains exceptionally strong. Priced to yield 3.145% on a 10-year maturity, the deal completed over 40% of the full-year funding target in a single transaction. Ireland's AA rating with two agencies on positive outlook means it borrows more cheaply than most European peers. The question for 2026: can that sovereign strength translate into better conditions for the SME sector that is struggling most?

Sector Breakdown: Where the Stories Concentrated

The Business Post's 217 articles this week were distributed across sectors, with financial markets coverage dominating (driven by US bank earnings season) and Irish-specific stories concentrated in tech, banking, and legal beats.

Financial Markets / Banking

~65 articles

Tech & Startups

~30 articles

Companies & M&A

~25 articles

Legal & Regulatory

~18 articles

Property & Development

~15 articles

Politics & Policy

~13 articles

Financial Performance: Notable Irish Companies in the News

Where financial data was disclosed or available from official filings, the picture is mixed: strong performers in tech and pharma distribution, with consumer-facing businesses under cost pressure.

Company	Revenue / Valuation	Key Metric	Signal
Logitech Ireland Services Ltd	€47.1m (+41%)	335 staff, avg wage €112,618	Standout Growth
Uniphar PLC	€37.5m auth. capital	8 directors, 3 subsidiaries	Active Acquirer
Aikido Security	$1bn valuation	5x revenue growth, 100k+ teams	Unicorn
Project Eleven	$120m valuation	Up from $28m (329% growth)	Breakout
Spryt International Ltd	€12.5m valuation	1.9m patients, Monaghan HQ	Early Stage
Grafton Group	£2.52bn (€2.91bn) revenue	+10.4% YoY (incl. acquisitions)	Cautious Outlook
Finance Ireland	€250–300m (deal value)	PIMCO 51%, M&G shareholders	Acquisition Target

Read All 217 Articles →

The Connections

Articles alone tell you what happened. Official records tell you who is behind it, how long they've been at it, and whether the public narrative matches the paper trail. This week, cross-referencing Business Post coverage against CRO filings, court records, and property data reveals connections that the headlines alone don't surface.

Uniphar's Acquisition Machine: What the CRO Reveals The Business Post reported that Uniphar PLC acquired TouchStore, a Limerick-based pharmacy software firm, with financial terms undisclosed. CRO records add significant context: Uniphar (company number 224324) was registered in November 1994 — making it a 31-year-old institution, not a recent startup — with €37.5m in authorised capital and €20.8m issued. Its board of eight directors includes international figures: Paul Hogan (Florida, USA), Susan Webb (UK), and Valerie Sick (Germany), alongside long-serving Irish directors Gerard Rabbette (since 2010) and Timothy Dolphin (since 2010). The CRO also shows Dolphin sits on the boards of Uniphar Medtech (formerly Sisk Healthcare, company 47888, founded 1974) and Uniphar Pharma Solutions (728770). The TouchStore deal is not a one-off: it is the latest move by a company that has been quietly building a pharma distribution and tech empire for three decades. The question for 2026 accounts: will the TouchStore acquisition show up as a material asset addition?

Solar 21 and the Insolvency-Court Pipeline The Business Post covered the Solar 21 energy firm insolvency across two articles this week — the company's own announcement and investor concerns about proposed liquidators. The story sits at the intersection of two trends: the Deloitte-forecast insolvency wave and the court system's growing caseload of corporate distress. Solar 21, founded by brothers Michael and Andrew Bradley, had frozen bank accounts after investors filed winding-up petitions. The proposed liquidators from RSM Ireland were challenged by investors who preferred KPMG or Friel Stafford. This is the insolvency-court pipeline in action: a distressed company, competing creditor interests, and a judge managing the queue. Deloitte's forecast of 900 insolvencies in 2026 means this pipeline will be busy all year. Watch for the February 3 creditor meeting outcome.

Uniphar's Article-to-CRO Story: The Pharmacy Tech Consolidator According to the Business Post, Uniphar acquired TouchStore to expand its pharmacy technology offering. CRO records show the reality is richer: Uniphar Public Limited Company (registered 07/11/1994, Citywest Business Park, Dublin) has €37.5m authorised capital and a complex subsidiary structure spanning medtech (Uniphar Medtech, formerly Sisk Healthcare, company 47888, founded 1974), pharma solutions (Uniphar Pharma Solutions, 728770, formerly Uniphar Commercial Solutions), and business development (Uniphar BD, 739502). The article says terms were undisclosed — but the CRO shows a company with the balance sheet depth to absorb acquisitions without disclosing price. The pattern: Business Post says “strategic acquisition”; CRO says “this is a company that has been building for 30 years.” The 2025 accounts (last filed to 31/12/2024) will be the real test of whether the acquisition pipeline is generating returns.

  McKillen and the Property Receivership Ecosystem
  The Business Post reported that five McKillen jnr receivership cases were settled in the High Court. CRO cross-referencing reveals the family's corporate footprint: Paddy McKillen Snr (person_num 772420) was a director of Falcon Concepts Limited (company 296957, 15 Hume Street, Dublin 2), while Patrick McKillen (person_num 1213605) remains an active director of both Pivotal Holdings Limited (240854) and Veton Properties Limited (237477), both at Block 3 Harcourt Centre, Dublin 2. The receivership settlements — involving Interpath Advisory's Ken Fennell and Brendan O'Reilly, and alternative lender Relm Finance controlled by Paul Dowling — represent the unwinding of a property lending relationship. The so-what: alternative lenders like Relm Finance are now the primary creditors in Irish property receiverships, not the pillar banks. Watch for further Relm Finance-linked receiverships in 2026.

Eamon Waters: Hotel Developer with an Energy Footprint The Business Post reported that Eamon Waters' firm received planning permission for a 73-bed hotel near St Stephen's Green. CRO records reveal a more complex picture: Eamon Waters (Balrath, Navan, Meath, person_num 3230073) is an active director of both BIA Energy Operating Facilities Holdco Limited (company 792069, 12 Merrion Square, Dublin 2) and Vista Bay Unlimited Company (769775, also at 12 Merrion Square). The energy company name — BIA Energy — suggests Waters operates across both hospitality and energy sectors. The hotel development (Sretaw Hotel Group, a reverse spelling of Waters) is his hospitality vehicle; BIA Energy is a separate enterprise. A developer with interests in both sectors is well-positioned to benefit from the government's Large Energy User Action Plan announced this week. Watch for BIA Energy filings in 2026.

The Radar: Three Signals Worth Watching

Irish Quantum Computing: From Zero to $120m in 12 Months Project Eleven hit $120m valuation this week, up from $28m a year ago — a 329% jump backed by Coinbase and co-founded by Finn Murphy, formerly of Frontline VC Dublin. In the same week, Aikido Security hit $1bn backed by DST Global and Declan Kelly's Foreword Fund. Two Irish-connected tech companies at very different scales, both raising in the same week, both in deep-tech (quantum cryptography and cybersecurity). The structural explanation: Irish-trained founders are increasingly building in New York and San Francisco while retaining Irish investor networks. Watch for a third Irish-connected deep-tech raise in Q1 2026.

The Diageo-Pub Squeeze: A Structural Conflict Emerging Diageo's 7-cent Guinness price hike (effective February 2) and its simultaneous review of China assets under new CEO Dave Lewis signal a company in strategic reset. Lewis, the former Tesco boss who turned around a struggling retailer by cutting complexity, is applying the same playbook to Diageo: raise prices on core brands, exit non-core geographies. The Vintners' Federation of Ireland (VFI) warned that pub margins cannot absorb further supplier increases. With Deloitte forecasting 900 insolvencies — hospitality-heavy — the Diageo price hike is not just a commercial decision; it is a stress test for the Irish pub sector. Watch for VFI lobbying on excise duty relief in the next Budget.

The Non-Bank Lending Consolidation Wave Bawag's move on Finance Ireland is not an isolated event. Finance Ireland — backed by PIMCO (51%) and M&G — is one of several non-bank lenders that filled the gap left by Irish pillar banks after the financial crisis. The receivership of McKillen jnr's companies involved Relm Finance, another alternative lender. Deloitte's insolvency data shows receivership activity up 30% in 2025, with the majority of appointments related to loans from alternative and international lenders. The pattern: non-bank lenders are now the dominant creditors in Irish SME and property lending, and they are now themselves becoming acquisition targets. Watch for further consolidation of the non-bank lending sector in 2026.

The Deep Dive

Two companies this week warrant deeper investigation: one a 31-year-old Irish PLC quietly building a pharma empire through acquisition, the other a four-year-old Monaghan healthtech startup that has just attracted New York investment at a €12.5m valuation. Both tell a story about how Irish enterprise scales — and what the official record reveals that the headlines don't.

Uniphar Public Limited Company — The Quiet Consolidator

Uniphar Public Limited Company (CRO: 224324) was incorporated on 7 November 1994 at Citywest Business Park, Dublin. Founded by pharmacists to support the community pharmacy sector, it has grown into a multi-subsidiary pharma distribution and technology group. Its latest move — the acquisition of TouchStore, a Limerick-based pharmacy software firm with 35 staff — is consistent with a three-decade pattern of bolt-on acquisitions.

Metric	Current	Notes
Company Type	PLC (Public Limited Company)	Listed on Euronext Dublin
Registration Date	07/11/1994	31 years in operation
Authorised Capital	€37,536,424	Significant balance sheet depth
Issued Capital	€20,765,944	55% of authorised issued
Active Directors	8	International board incl. USA, UK, Germany
Subsidiaries (CRO)	3 confirmed	Medtech (47888), Pharma Solutions (728770), BD (739502)
Last Accounts Filed	31/12/2024	Auditor: AI223671
TouchStore Acquisition	2026 (terms undisclosed)	35 staff, Limerick

Reading Between the Lines: The Internationalisation of Uniphar's Board The CRO record for Uniphar PLC reveals a board that has become progressively more international since 2019. Long-serving Irish directors Gerard Rabbette (Foxrock, Dublin 18, director since 2010) and Timothy Dolphin (Dartry, Dublin 6, director since 2010) are joined by Paul Hogan (Punta Gorda, Florida, since 2019), Susan Webb (Tisbury, UK, since 2019), and Valerie Sick (Eningen unter Achalm, Germany, since January 2024). A German director joining in 2024 — the same year Uniphar was expanding into European markets — is not coincidental. The so-what: Uniphar is building a European pharma distribution network, and the board composition reflects that ambition. The 2025 accounts will be the real test of whether the acquisition pipeline is generating returns.

The question for 2026 accounts: will the TouchStore acquisition show up as a material asset addition, and will the European expansion strategy be reflected in revenue growth beyond the Irish market?

Spryt International Limited — Monaghan's AI Healthcare Startup

Spryt International Limited (CRO: 715833) was incorporated on 23 March 2022 at The Station House, Monaghan (eircode H18 YK54). The company has developed an AI receptionist called Asa that manages medical appointments through conversational AI, behavioural science, and predictive analytics. This week, it was valued at €12.5m following a strategic investment from MediDrive, a New York-based patient transportation company.

Metric	Current	Notes
Registration Date	23/03/2022	4 years old
Headquarters	The Station House, Monaghan	H18 YK54
Issued Capital	€104,168	Modest capital base for stage
Valuation (2026)	€12.5m	Post-MediDrive investment
Patients Supported	1.9 million	UK NHS and private sector
Last Accounts Filed	31/12/2024	Annual return 23/09/2025
Investor	MediDrive (New York)	Patient transportation services

Why It Matters: Monaghan to Manhattan Spryt International is the kind of company that doesn't make the front page — a four-year-old startup in a border county, building AI tools for healthcare administration. But the MediDrive investment tells a specific story: a New York patient transportation company is betting that AI appointment management and patient transport are complementary services. The integration of Asa's AI engine with MediDrive's transportation network — if it works — creates a vertically integrated patient journey product. The so-what: this is not just a funding round; it is a product partnership that could scale Spryt's 1.9 million patient base significantly. Watch for Spryt's 2025 accounts (due September 2026) to reveal whether the MediDrive partnership is generating revenue.

The question for 2026: can Spryt convert its 1.9 million patient base into a scalable revenue model, and will the MediDrive partnership accelerate its expansion into the US market?

Key People This Period

Name	Role	Notable Activity	Connections
Dave Lewis	New CEO, Diageo	First major move: 7-cent Guinness price hike effective Feb 2; China asset review launched	Diageo price hike, China asset review
Sean Mulryan	Founder, Ballymore	1,685-home London development approved by Newham Council; CRO confirms Ardenode Stud, Kildare base	Ballymore London
Billy Kane	CEO, Finance Ireland	Subject of €250-300m Bawag acquisition talks; Finance Ireland backed by PIMCO (51%) and M&G	Bawag deal
Finn Murphy	Co-founder, Project Eleven / Nebular VC	Project Eleven hits $120m valuation with Coinbase backing; formerly at Frontline VC Dublin	Project Eleven
Declan Kelly	Investor, Foreword Fund	Backed Aikido Security unicorn round via Foreword Fund; former Web Summit adviser	Aikido unicorn
Gerard Rabbette	Director, Uniphar PLC	Active director of Uniphar PLC since 01/03/2010; Foxrock, Dublin 18	Uniphar PLC (224324), Uniphar Medtech (47888)
Stephen Holst	Managing Partner, McCann Fitzgerald	Re-elected for 3-year term (May 2026–April 2029); 21% partnership growth, 23% headcount growth under his tenure	McCann Fitzgerald
Paddy McKillen jnr	Property developer	Five receivership cases settled in High Court; Relm Finance (Paul Dowling) was lender; Interpath Advisory receivers	McKillen receivership

One to Watch: Spryt International Limited

Spryt International Limited

CRO: 715833 | The Station House, Monaghan, H18 YK54 | Sector: Other business support service activities | Registered: 23/03/2022

Metric	Value
Valuation (2026)	€12.5m
Patients Supported	1.9 million
Issued Capital	€104,168
Investor	MediDrive (New York)
Product	Asa AI receptionist
Last Accounts	31/12/2024

Spryt International builds AI-powered appointment management tools for healthcare providers. Its product, Asa, automates booking, rescheduling, payment, and management of medical appointments through messaging channels, using conversational AI and predictive analytics to reduce no-shows and administrative burden.

Why it matters: Spryt is the overlooked story of the week. While the unicorn headlines went to Aikido Security and Project Eleven, a Monaghan-based healthtech startup quietly attracted New York investment at a €12.5m valuation. The MediDrive partnership — integrating AI appointment management with patient transportation — is a product bet that could scale Spryt's 1.9 million patient base into a US market entry. The CRO record shows a company registered in March 2022 with modest capital (€104,168 issued) but already filing accounts to December 2024 — a company that is operating, not just incorporated. The so-what: Spryt is building the infrastructure layer for healthcare access, not just a scheduling tool.

The number that matters: 1.9 million patients. That is not a startup metric — it is a market position. A company supporting 1.9 million patients from a Monaghan base, backed by a New York investor, is a company that has already crossed the proof-of-concept threshold. Watch for Spryt's 2025 accounts (due September 2026) to reveal whether the MediDrive investment is translating into revenue growth.

The Broader Picture

The Irish Courts

The High Court delivered 10 judgments in the week of 8–14 January 2026, with business-relevant cases spanning data protection, competition law, telecoms regulation, and energy sector disputes. The most significant for the corporate sector was the Meta DPC costs ruling — a procedural step in a multi-year battle that will shape how Ireland's data protection regime interacts with global tech companies. The Goode Concrete case, struck out after 16 years, is a cautionary tale about the cost of litigation delay.

Citation	Parties	Subject	Why It Matters
[2026] IEHC 8	Meta Platform Ireland v Data Protection Commission	Data protection costs ruling	Costs in the cause — ongoing DPC statutory appeals continue
[2026] IEHC 11	Goode Concrete v CRH PLC & Ors	Competition case struck out	16-year case ended for abuse of process; failure to pay costs
[2026] IEHC 12	ComReg v Sky Ireland Limited	Telecoms regulatory enforcement	ComReg enforcement action against Sky Ireland — regulatory pressure on telecoms
[2026] IEHC 1	San Leon Energy PLC v Brightwaters Energy Limited	Energy sector commercial dispute	Energy company litigation — sector under pressure from insolvency and restructuring
[2026] IEHC 3	Graham v CPL Healthcare Limited	Employment / healthcare	Healthcare employment case — sector facing labour cost pressures

  Meta v DPC: The Long Game
  The High Court's costs ruling in Meta Platform Ireland Limited v The Data Protection Commission — ordering costs in the cause — is a procedural step in a case that has been running since 2024. Meta is appealing multiple DPC decisions; LinkedIn Ireland is running a parallel case on the same preliminary issues. The so-what for business: Ireland's role as the EU's de facto data protection regulator for US tech companies means these cases have continent-wide implications. Every procedural ruling is a data point in the longer story of whether Ireland's DPC can enforce at scale. Watch for the substantive hearing dates in Q2 2026.

Property Markets & Plans

The Dublin residential market opened 2026 with 257 transactions in the first two weeks of January, averaging €484,703 per property — a median of €445,000 that reflects a market still running well above the national average. The top transaction of the period was Glen House, Strawberry Beds, Chapelizod at €2.14m. On the commercial side, Kennedy Wilson received planning permission to redevelop the KPMG Dublin office at Stokes Place, while Eamon Waters' Sretaw Hotel Group secured approval for a 73-bed hotel near St Stephen's Green. Cushman & Wakefield's annual outlook described Ireland's real estate as at an “inflection point” — improving investment conditions but constrained by construction workforce shortages.

Address	Amount	Date	Note
Glen House, Strawberry Beds, Chapelizod	€2,140,000	14 Jan 2026	Highest Dublin transaction in period
32 South Ave, Mount Merrion	€1,725,000	9 Jan 2026	South Dublin premium residential
36 Gilford Park, Sandymount, Dublin 4	€1,620,000	9 Jan 2026	Prime D4 location
5 Merlyn Rd, Ballsbridge, Dublin 4	€1,485,000	13 Jan 2026	Ballsbridge premium
43 Ashton Park, Monkstown, Blackrock	€1,200,000	9 Jan 2026	South Dublin coastal

Construction Watch: Two Dublin Approvals Signal Confidence The planning approvals for Kennedy Wilson's KPMG office redevelopment (9-storey, Stokes Place) and Eamon Waters' 73-bed hotel (St Stephen's Green) in the same week signal that Dublin's commercial development pipeline is active despite broader construction cost pressures. Kennedy Wilson — one of Ireland's largest commercial landlords with a 94% occupancy rate and €25.1m net operating income — is investing in its existing portfolio rather than acquiring new assets. The so-what: when a major landlord redevelops rather than acquires, it signals confidence in the underlying demand for Dublin office space. Watch for the Kennedy Wilson redevelopment timeline and whether it attracts a pre-let from a major occupier.

The Week Ahead

The week of 8–14 January 2026 will be remembered as the week Ireland's dual-speed economy became impossible to ignore. On one track: a €300m banking acquisition, two tech unicorns, a €5bn sovereign bond oversubscribed 8.6x, and a Tyndall Institute doubling in size under a €100m semiconductor push. On the other: 900 insolvencies forecast, Guinness prices rising, pub closures accelerating, and a 16-year competition case struck out for failure to pay costs. The single most important takeaway: Ireland's institutional and corporate infrastructure is world-class, but the SME and hospitality sectors that employ the most people are under structural pressure that no amount of unicorn valuations will relieve.

  The Bottom Line
  Ireland's 2026 story is not about whether the economy is strong — it clearly is. It is about whether the strength at the top (sovereign credit, tech unicorns, pharma PLCs) can be translated into resilience at the bottom (hospitality SMEs, rural pubs, construction workers). The Bawag-Finance Ireland deal, if completed, will reshape SME lending. The Tyndall expansion will create 35,000 semiconductor jobs by 2040. But the 900 companies forecast to fail this year will not wait for those structural shifts to materialise.

What to Watch:

Watch for the Solar 21 creditor meeting outcome on February 3 — the first major insolvency test of 2026. Watch for Bawag regulatory clearance timelines and whether PTSB becomes a second target. Watch for Diageo's Q2 trading update to see whether the Guinness price hike is holding or being reversed under VFI pressure. And watch for Spryt International's 2025 accounts (due September 2026) — the first financial test of whether the MediDrive partnership is generating revenue, not just valuation.

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