The Business Post Weekly Intelligence Briefing
Irish Business News & Official Records — Week of 15–21 June 2026
Source: ARTICLES | Period: 2026-06-15 to 2026-06-21
Weekly Intelligence Briefing | 15–21 June 2026
Bonnier Buys In, O'Leary Locks In, and Manna Flies Out: A Week of Defining Commitments
The week of 15–21 June 2026 delivered 212 Business Post articles across a landscape of consequential decisions: a Nordic media giant acquiring a majority stake in the Business Post Group itself, Ryanair's Michael O'Leary securing a contract worth up to €153 million in share options, and Irish drone pioneer Manna abandoning domestic operations in a pointed indictment of Ireland's regulatory paralysis. Beneath these headline moves, a Revenue Commissioners data release confirmed what many suspected — Ireland's corporate tax base is dangerously concentrated, with just 10 companies accounting for 56% of all receipts.
€153m
O'Leary Max Share Option Value
€50m
Evara Land Bank Secured
87%
Corp. Tax from Foreign Multinationals
€40m
Business Post Group Revenue
By the Numbers
| Metric | Value | Signal |
|---|
| Business Post Group annual revenue | €40 million | Profitable |
| Bonnier News 2025 revenues | €958 million | Record EBITA €99m |
| O'Leary share option strike price | €26.70 per share | Target: €42 or €4bn profit |
| Manna deliveries completed in Ireland | 300,000+ | Operations paused |
| Power City dividend paid (FY2025) | €20 million | Profit down 13% |
| Ireland corporate tax receipts (2025) | €33 billion | 87% from multinationals |
| Evara land bank (Meath + Kildare) | €50 million | ~1,000 homes planned |
| Revolut Irish investment balances | €1.1 billion+ | Up 40% YoY |
Business Post AI Pick: The Week's Defining Story
The acquisition of a majority stake in Business Post Group by Bonnier News is more than a media deal — it is a validation of the thesis that quality business journalism, combined with data and professional services, can be a durable commercial model. Business Post Group grew from a loss-making newspaper to a €40 million revenue business under Enda O'Coineen. Bonnier, with €958 million in revenues across 14 countries, brings scale and international distribution. The question for Irish business journalism: does Nordic ownership accelerate or dilute the editorial independence that made the brand valuable in the first place?
Pattern of the Week: Ireland's Regulatory Friction Tax
Three stories this week converge on a single theme: Ireland's regulatory and planning environment is costing the economy real opportunities. Manna's drone delivery pause, Dublin City Council's hotel levy doubling, and the broadband infrastructure cost debate all point to a state apparatus that struggles to enable growth at pace. John Collison's "vetocracy" comment about Manna resonated precisely because it named a structural problem that business leaders have been circling for years.
The Investigation: Irish Business in Motion
This week's Business Post coverage broke across five distinct themes: corporate deals and ownership changes, the aviation sector's evolving dynamics, the technology and regulatory frontier, financial disclosures revealing family business strategies, and the macro backdrop of geopolitical energy shocks. The most consequential stories were Irish-origin — and the most revealing were the ones where official records add texture the articles alone cannot provide.
Top Stories of the Week
| Story | Company / Entity | Key Figure | Theme |
|---|
| Bonnier News acquires majority stake in Business Post Group | Business Post Group | Enda O'Coineen / Anders Eriksson | M&A |
| Ryanair confirms O'Leary contract to 2032 | Ryanair | Michael O'Leary / Stan McCarthy | People Move |
| Manna ceases Irish drone deliveries | Manna | Bobby Healy / John Collison | Regulatory |
| Power City approves €20m dividend | Power City | McKenna family | Financial |
| 90% of corporate tax paid by 10% of companies | Revenue Commissioners | Apple, Eli Lilly, Pfizer | Macro Risk |
| Porter Privé takes over McKillen receivership offices | Porter Privé / Grafter | Emma Kennedy / Paddy McKillen jnr | Distress |
| Liquidator appointed over Davy vehicle Ailmount | Ailmount Investments | Kieran Wallace / Brian McKiernan | Liquidation |
| Evara secures €50m land bank for 1,000 homes | Evara | Michael Hynes | Property |
| PTSB shares trade above Bawag agreed price | PTSB | Eamonn Crowley / Piotr Skoczylas | M&A |
| Cargofy raises €9.6m with Des Traynor backing | Cargofy | Des Traynor / Stakh Vozniak | Startup |
Stress Signal: Corporate Tax Concentration
Revenue Commissioners data published this week reveals that just 10 companies — including Apple, Microsoft, Eli Lilly, Pfizer, and Intel — account for 56% of Ireland's €33 billion corporate tax take. The GLP-1 drug maker (widely understood to be Eli Lilly) paid €5.66 billion in Irish corporation tax in 2025, exactly double its US tax bill. This is not a new story, but the tripling of top-10 company payments from €6 billion in 2020 to €18 billion in 2025 makes the concentration more acute than ever. A single regulatory or geopolitical shock to one of these companies would create a fiscal hole that no domestic tax base could fill.
Standout: Ryanair's Performance-Linked Pay Architecture
Ryanair's new contract for
Michael O'Leary is a masterclass in aligning executive incentives with shareholder outcomes. The 10 million share options at €26.70 only vest if Ryanair's profit after tax exceeds €4 billion or the share price sustains above €42 for 28 consecutive days by March 2032. At current prices, the gap to €42 is substantial — meaning O'Leary's €153 million payday is genuinely contingent, not cosmetically so. CRO records confirm Ryanair Finance Limited (company 633425) is registered at Airside Business Park, Swords, with €10,000 authorised capital — the operational holding structure for the group's financial activities.
Sector Breakdown: Where the Stories Came From
Aviation & Transport
4 storiesTechnology & Regulation
4 storiesProperty & Development
3 storiesFinancial Services & Banking
3 storiesMedia & Corporate
3 storiesMacro / Markets
5+ storiesFinancial Performance Highlights
| Company | Revenue / Key Figure | Profit / Metric | Signal |
|---|
| Bonnier News | €958m revenue (2025) | EBITA €99m (record) | Acquiring |
| Business Post Group | €40m annual revenue | Profitable | Sold majority |
| Ryanair | Profit target: €4bn | O'Leary contract to 2032 | Growth target |
| Power City | €91.3m turnover (FY2025) | Post-tax profit down 13% | €20m dividend paid |
| Manna | €136k revenue (2024) | Pre-tax loss €16.9m | Irish ops paused |
| Aer Lingus | Operating margin 11.2% (2025) | Below IAG 12-15% target | Under pressure |
| Cargofy | €9.6m Series A raised | AI logistics platform | Growth |
| Revolut (Irish customers) | €1.1bn+ investment balances | Up 40% YoY | Surge |
The Connections: What the Official Record Adds
Business Post articles are the starting point. But when you cross-reference the week's coverage against CRO filings, court records, and property data, a richer picture emerges — one where the official record either validates, complicates, or deepens what the journalists reported. This week, four themes stand out as cross-domain stories worth tracking.
Media M&A: Bonnier News and the Business Post Group Deal
Business Post reported that Bonnier News — the Nordic publishing group with €958 million in revenues and operations in 14 countries — is acquiring a majority stake in Business Post Group. The deal values a company that founder Enda O'Coineen built from a loss-making newspaper into a €40 million revenue business spanning journalism, data and insights, executive education (through the Irish Management Institute), and professional services. O'Coineen retains a significant minority through his Kilcullen Family Office. CRO searches for "Business Post Group" did not return a direct match under that exact entity name — the operating structure likely sits under a different registered name, which is common for media holding companies. Bonnier's sister company, Bonnier Books, already operates in Ireland, giving the group an existing Irish footprint. The "so what?" here is structural: Bonnier brings international distribution and cross-border editorial collaboration, but also the discipline of a €99 million EBITA business. Watch for whether the data and insights division — the fastest-growing part of the group — accelerates under Nordic ownership.
Receivership and Renewal: The McKillen Properties and Porter Privé
Business Post reported that Porter Privé, a new co-working company founded by Emma Kennedy, has taken over management of three Dublin city centre office buildings previously operated by Paddy McKillen jnr's Grafter — including Smyth House on Grafton Street, which serves as OpenAI's Dublin headquarters. The buildings came under receiver Interpath Advisory after Relm Finance appointed them over McKillen jnr's companies. McKillen jnr has sued the receivers over the purported forfeitures of the leases. This is a multi-layered distress story: a high-profile developer's co-working venture collapsed into receivership, the former CEO of that venture immediately founded a rival and took over the same buildings, and the world's most valuable AI company is headquartered in the middle of it. CRO searches for Grafter and Porter Privé did not return direct matches under those names — the entities are likely registered under holding company names. The property at Smyth House, Grafton Street, is a prime Dublin commercial asset. No matching property transaction was found in the Property Register for this specific address in 2026, suggesting the receivership process has not yet resulted in a completed sale.
Aviation Crossroads: Ryanair's Commitment and Aer Lingus's Pressure
Two aviation stories this week tell contrasting tales.
Ryanair confirmed a new long-term contract for
Michael O'Leary through April 2032, with share options worth up to €153 million contingent on hitting €4 billion profit or a €42 share price. CRO records confirm
Ryanair Finance Limited (company 633425) at Airside Business Park, Swords — the group's Irish financial hub. Meanwhile,
Business Post's Aer Lingus analysis showed the airline operating at an 11.2% margin in 2025, below IAG's 12–15% target.
Aer Lingus Limited (company 9215), registered since 1936 with €343.75 million authorised capital, is expanding transatlantic routes with A321XLR aircraft. The contrast is instructive: Ryanair is locking in its architect for another six years; Aer Lingus is under pressure to prove it can hit margin targets set by a parent company that owns British Airways and Iberia. Historical court records show Ryanair has been a prolific litigant — from the 2020 High Court case on strike compensation ([2020] IEHC 54) to the 2019 non-compete case involving O'Leary ([2019] IEHC 907) — a pattern consistent with a company that uses legal process as a competitive tool.
The Davy Aftermath: Ailmount's Orderly Wind-Down
Business Post reported that Kieran Wallace from Interpath has been appointed liquidator of Ailmount Investments, the shareholder vehicle through which Davy's former owners held their stake in the stockbroker. Davy was sold to Bank of Ireland in 2022 for €427 million amid a governance crisis. A 2024 settlement between Ailmount and Bank of Ireland yielded €48 million, enabling distribution to beneficial owners and an orderly wind-down. As of Q1 2026, Bank of Ireland's wealth and insurance unit — which includes Davy and New Ireland — had assets under management of €60.3 billion. The liquidation of Ailmount is the final chapter of the Davy governance scandal: the vehicle that held the former owners' wealth is now being formally wound down, four years after the sale. The "so what?" is that the €48 million settlement — on a €427 million sale — suggests the legal dispute cost the former owners meaningful value relative to the headline price.
The Radar: Three Signals Worth Watching
Signal 1: Ireland's Drone Regulatory Vacuum
Manna's cessation of Irish drone deliveries is not an isolated company decision — it is a symptom of a structural policy failure. Ireland published a national policy framework for unmanned aircraft systems in 2022, but it contains no specific planning rules for drone delivery infrastructure. This leaves each application to be assessed locally, creating a patchwork of opposition and delay. Manna has raised over $110 million, completed 300,000 deliveries, and received operational authorisation in the US and UK. The fact that it is abandoning its home market while expanding internationally is a direct indictment of Ireland's planning system. Watch for: whether the government's response to Manna's departure accelerates the development of a national drone delivery policy framework, or whether this becomes another case study in Irish regulatory inertia.
Signal 2: The PTSB Takeover Premium
PTSB's shares are trading above the €2.97 per share agreed with Austrian bank Bawag — a signal that the market believes either a higher bid will emerge or the deal will be renegotiated. Shareholder Piotr Skoczylas has taken legal action to block the sale, arguing different share classes should be treated separately. The Department of Finance holds a majority stake. US private equity firm Centerbridge previously made higher offers. Watch for: whether Bawag increases its offer before the acceptance window closes, or whether a rival bidder emerges — either outcome would represent a significant premium to the current agreed price.
Signal 3: The Revolut Investment Wave
Revolut data shows Irish customers' investment balances exceeded €1.1 billion in May 2026, up 40% year-on-year, with 348,000 customers investing monthly — a 22% increase. The 18–34 age cohort accounts for 49% of investors. The government's proposed Savings and Investment Account (SIA) could accelerate this further. Watch for: the SIA legislation timeline and whether Revolut's scale — 3.4 million Irish customers — gives it a structural advantage over traditional banks in capturing the retail investment wave.
The Deep Dive: Power City and the Art of the Family Dividend
Two companies this week warrant deeper examination: Power City, the McKenna family's electrical retailer, whose €20 million dividend in a year of declining profits reveals a classic family business capital management strategy; and Manna, the drone delivery pioneer whose Irish exit is a case study in how regulatory friction can destroy first-mover advantage. Both stories are richer when read against the official record.
Power City — Extracting Capital While the Going Is Good
Power City is Ireland's largest independent electrical retailer, with 11 stores concentrated in the east of the country — Dublin, Bray, Naas, and Drogheda. The McKenna family — directors Liam McKenna, Dermot McKenna, and Sinead McKenna — have built a business with €123.2 million in accumulated profits as of September 2024. The €20 million dividend paid in FY2025 is not reckless — but it is revealing.
| Metric | FY2025 | FY2024 | Change |
|---|
| Turnover | €91.3m | €92.8m | -1.6% |
| Post-tax profit | Declined | Higher | -13% |
| Total comprehensive income | €3.3m | €5.7m (est.) | -42% |
| Dividend paid | €20m | N/A | Exceptional |
| Accumulated profits (end FY2025) | €106.6m | €123.2m | €16.6m drawn |
| Cash in bank | €31m | €39.2m (est.) | -21% |
| Employees | 214 | 231 | -17 roles |
Reading Between the Lines: A Dividend That Tells a Story
A €20 million dividend paid in a year when profit fell 13%, comprehensive income dropped 42%, cash declined 21%, and 17 jobs were cut is not a sign of a company in distress — but it is a sign of a family making a deliberate choice about capital allocation. Power City has €106.6 million in accumulated profits: the McKennas are drawing down reserves built over decades. The consumer electronics retail sector faces structural headwinds from online competition and the cost-of-living squeeze on discretionary spending. The dividend may reflect a rational assessment that retained cash in the business earns less than capital deployed elsewhere. CRO searches for "Power City Limited" did not return a direct match under that exact name — the company is likely registered under a holding entity. The question for the 2026 accounts: does the McKenna family continue drawing down reserves, or does the business return to investment mode?
The question for the 2026 accounts: with cash down to €31 million and accumulated profits now €16.6 million lower, has Power City reached the limit of comfortable capital extraction — or will the McKennas continue to harvest a business that has served them well for decades?
Manna — Ireland's Most Instructive Tech Failure
Manna, founded by Bobby Healy and backed by over $110 million in investor capital, has completed more than 300,000 drone deliveries in Ireland. It has received operational authorisation in the US and UK, and anticipates UAE authorisation in 2026. It employs nearly 200 people, mostly in Ireland. And this week, it announced a strategic pause in Irish delivery operations that could last years.
| Metric | 2024 | 2023 | Change |
|---|
| Revenue | €136,000 | €20,000 | +580% |
| Pre-tax loss | €16.9m | €12.3m | +37% |
| Headcount | ~200 | ~90 | +122% |
| Total deliveries (cumulative) | 300,000+ | N/A | Milestone |
| Investor capital raised | $110m+ | N/A | Series funded |
| Irish delivery operations | Active | Active | Paused 2026 |
Why It Matters: The Vetocracy Problem
Manna's revenue grew six-fold in 2024 to €136,000 — a number that reveals the gap between operational capability and commercial scale. The company is burning €16.9 million a year while generating €136,000 in revenue: the business model requires scale, and scale requires planning permission for operational hubs. Ireland's 2022 national policy framework for unmanned aircraft systems contains no specific planning rules for drone delivery infrastructure, leaving each application to local authorities. The result: growing community opposition, case-by-case delays, and a company that has chosen to deploy its capital in markets with clearer rules. John Collison's "vetocracy" comment is the sharpest summary of the problem. The irony is that Manna's R&D and manufacturing base remains in Ireland — the country gets the jobs but not the service.
The question for 2027: if Manna achieves commercial scale in the US and UK, will it return to Ireland with the leverage of a proven model — or will it have moved on entirely?
Key People This Period
| Name | Role | Notable Activity | Connections |
|---|
| Michael O'Leary | CEO, Ryanair | New contract to April 2032; up to €153m in share options at €26.70 strike | Ryanair Finance Ltd |
| Enda O'Coineen | Founder, Business Post Group | Selling majority stake to Bonnier News; retaining minority via Kilcullen Family Office | Business Post Group, Irish Management Institute, RED C |
| Bobby Healy | Founder, Manna | Announced strategic pause in Irish drone deliveries; pivoting to US, UK, UAE | Manna (200 employees, $110m raised) |
| David McRedmond | Outgoing CEO, An Post | Criticised government's risk-averse approach; stepping down after e-commerce turnaround | An Post |
| Dave Lewis | CEO, Diageo | Launched cost-cutting programme; senior executive departures; share price down 60% from 2022 peak | Diageo (1,300+ Irish employees) |
| Liam McKenna | Director, Power City | Approved €20m dividend despite 13% profit drop and 17 job losses | Power City (11 stores, €91.3m turnover) |
| Emma Kennedy | Founder, Porter Privé | Founded new co-working company after Grafter receivership; took over OpenAI HQ building | Porter Privé, Interpath Advisory, OpenAI |
| Des Traynor | Co-founder, Fin (acquired by Salesforce) | Backed Cargofy's €9.6m Series A; Fin sold to Salesforce for $3.6bn | Cargofy, Intercom, Salesforce |
One to Watch: Cargofy
Cargofy — The AI Logistics Bet Backed by Ireland's Biggest Exit
Founded: Ukraine | HQ: US | Sector: AI Logistics / Freight Automation | Series A: €9.6m (June 2026)
| Metric | Value |
|---|
| Series A raised | €9.6 million ($11m) |
| Lead investors | U.ventures, Toloka, Movens Capital |
| Notable angel | Des Traynor (Fin co-founder) |
| Platform integrations | 70+ logistics tools and channels |
| Target markets | Germany, Netherlands, France, Spain, US |
| Addressable market | ~10 billion last-mile deliveries/year (Europe + US) |
Cargofy develops AI agents that automate freight operations and logistics workflows without requiring companies to change their existing processes. The platform integrates with over 70 tools and communication channels used by logistics teams — a "plug in, not replace" approach that lowers adoption friction.
Why it matters: Des Traynor's involvement is the signal. Traynor co-founded Fin, which was acquired by Salesforce for $3.6 billion in the largest-ever Irish tech deal. His backing of Cargofy is not just capital — it is a credibility stamp from someone who has built and sold a category-defining AI company. Cargofy is Ukrainian-founded, US-headquartered, and targeting European expansion — a profile that will resonate with investors looking for AI infrastructure plays outside the US hyperscaler ecosystem. CRO searches for Cargofy returned no Irish registration — the company has not yet established an Irish entity, which is notable given its European expansion plans.
The number that matters: €9.6 million raised against a market of 10 billion annual last-mile deliveries. If Cargofy captures even 0.1% of that market at €1 per transaction, that is €10 million in annual revenue. The question for 2027: does Cargofy open an Irish office as part of its European hub strategy, and does it follow the Fin playbook of building quietly before a transformative exit?
The Broader Picture: Courts, Property, and the Week Ahead
The Irish Courts
The courts index returned no new judgments specifically dated to the week of 15–21 June 2026 — the most recent indexed judgments predate this period. However, Business Post's legal coverage this week surfaced two significant Irish legal developments: Lynn Boylan's challenge to the Arbitration (Amendment) Act 2026 linked to the EU-Canada CETA trade deal, and the Chester Beatty Library's bid to resolve its Dublin Castle café dispute through confidential arbitration. Both cases reflect a broader pattern of Irish courts being used to test the boundaries of new legislation and commercial agreements.
| Case / Matter | Parties | Subject | Why It Matters |
|---|
| Boylan v State (CETA challenge) | Lynn Boylan MEP v Government / AG | Arbitration (Amendment) Act 2026 — investment dispute resolution | Could block Ireland's ratification of CETA; €12bn Ireland-Canada trade at stake |
| Chester Beatty v Hannah's Coffee Shop | Chester Beatty Library v Lahcen Phelan | Dublin Castle café licence dispute; seeking arbitration stay | OPW, Revenue Commissioners involved; café closed 6 months during EU presidency |
| Norton v Meta (US court order) | Graham Norton v Meta | US court order forcing Meta to reveal identity of fake Facebook page operators | AI-generated disinformation targeting public figures; Irish legal proceedings planned |
| [2020] IEHC 54 | Ryanair DAC v Commission for Aviation Regulation | Strike compensation — court upheld compensation obligation | Relevant context for Ryanair's O'Leary contract and labour relations |
Legal Watch: CETA and the Investment Arbitration Frontier
The Arbitration (Amendment) Act 2026, signed into law this week, was designed to address constitutional issues with enforcing international investment tribunal awards in Ireland. But Lynn Boylan's immediate legal challenge signals that the legislation will face scrutiny before it can enable CETA ratification. Ireland-Canada trade has grown from €3.2 billion in 2016 to €12 billion in 2024 under CETA's provisional application. The enterprise minister has identified cybersecurity, financial services, and IT as sectors that would benefit from full ratification. A successful legal challenge could delay ratification by years — and set a precedent for other EU trade agreements with investor-state dispute settlement mechanisms.
Property Markets and Plans
Dublin's residential property market recorded 3,030 transactions in the first half of 2026, with an average price of €545,968 and a median of €449,914 — figures that confirm the market has not cooled despite higher interest rates. The most significant property story this week was not a transaction but a policy decision: Dublin City Council's move to double hotel development levies from €2.5 million to €5 million per development from July, which the hotel industry warns will create a shortfall of 10,000–15,000 bedrooms by 2031. Meanwhile, Evara's €50 million land bank acquisition in Meath and Kildare signals that Ireland's largest private housebuilder is betting on continued demand in the commuter belt.
| Development / Transaction | Location | Value / Scale | Signal |
|---|
| Evara land bank acquisition | Ratoath, Meath + Newbridge, Kildare | €50m for ~1,000 homes | Commuter belt bet |
| Elkstone Queen Street Place | Galway city centre | 345-bed student accommodation | Student housing |
| Galway/Cork property auction | Galway + Cork | 14 lots, €4.95m combined guide | Investment |
| Dublin 18 planning appeal | Glenamuck North, Kilternan | 135 homes (65 houses + 70 duplexes) | Refused, appealing |
| Dublin hotel levy increase | Dublin city | Levy doubles: €2.5m to €5m from July | Tourism risk |
Property Watch: The Hotel Levy Paradox
Dublin City Council's decision to double hotel development levies from July sits in direct contradiction to the government's tourism strategy, which targets €9 billion in overseas tourism revenue by 2031 and requires a significant increase in registered accommodation capacity. Hotels account for 70% of registered tourism bed spaces. The industry estimates a potential shortfall of 10,000–15,000 bedrooms by 2031 if the levy discourages development. Every euro spent by overseas hotel guests returns approximately 29 cents to the exchequer — making this a fiscal as well as a tourism policy question. The timing is particularly sharp: the levy doubles just as Dublin Airport's passenger cap is being removed, creating the conditions for a surge in visitor numbers that the accommodation stock may not be able to absorb.
The Week Ahead
The week of 15–21 June 2026 will be remembered as a week of commitments — some made, some broken. Bonnier News committed to Irish media. Michael O'Leary committed to Ryanair. Manna uncommitted from Ireland. Power City's McKenna family committed to extracting capital. The thread connecting all of them is a question about Ireland's capacity to retain and grow the businesses it has built: the regulatory environment that pushed Manna out, the tax concentration that makes the exchequer vulnerable, and the planning system that is simultaneously blocking hotels and housing.
The geopolitical backdrop — the US-Iran interim peace deal, Brent crude's 9% weekly decline, and the ECB's potential rate hike signal — adds a macro layer of uncertainty that Irish businesses with international exposure cannot ignore. Ryanair's fuel hedging to March 2027 looks prescient; Aer Lingus's margin pressure looks more acute in a world where oil prices remain 30% above year-start levels.
The Bottom Line
Ireland's economy is performing strongly — €33 billion in corporate tax receipts, a housing market with 3,000+ Dublin transactions in H1 2026, and a fintech sector where Revolut customers are investing €1.1 billion. But the structural risks are becoming harder to ignore: 87% of corporate tax from foreign multinationals, a regulatory system that is losing tech companies to more permissive markets, and a planning regime that is simultaneously blocking hotels, housing, and drone infrastructure. The Bonnier acquisition of Business Post Group is, in this context, a bet that Ireland's business story is worth telling — and worth owning.
What to Watch: The PTSB/Bawag acceptance window reopens June 20 for two weeks — watch for a revised bid or a rival offer. The ECB's July meeting could deliver a 25bp rate hike if services inflation remains elevated. And Manna's US and UK expansion will be the test case for whether Ireland's regulatory failure is a temporary setback or a permanent competitive disadvantage for the drone delivery sector.
