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For anyone seeing this issue too, I found if you disable "Predict network actions to improve page load performance" under "Privacy & Security" settings it seems to fix it.
How do I raise this with the Opera team, I presumed that raising it on the forum would raise it with them but obviously not as no responses, I'm really disappointed that they expect their users to fix all the issues.
@burnout426
I tried this on another computer exactly as instructed, the Speed dial items were still not there, all my bookmarks are there just not the Speed dial.
To test if this method should work I did the following:-
Closed Opera
Deleted the bookmarks and bookmarks extra files
Opened Opera then closed it (the bookmark files were recreated)
Opened Opera again and added a new speed dial item
Closed Opera
Backed up the bookmarks and bookmarks extra files
Deleted the bookmarks and bookmarks extra files
Opened and closed Opera
Restored the backup files overwriting the existing bookmarks and bookmarks extra files
Opened Opera
The new Speed dial item was not there (it is in the bookmarks file when edited with Notepad)
It seems there must be something else that needs to be restored to recover the Speed dial Items
@burnout426
I try to keep addons to a minimum and the standard Speed dial works well except over the last few years it's become more of a pain with promoted, suggestions and news that have been added and now shopping. I always turn off everything on the Startpage settings but I just had a look and noticed two new settings, shopping and bookings, I have turned them off so hopefully I will not get the shopping back and lose my Speed dials on the next upgrade.