The Weekly
The week in markets in five minutes: what moved, why it moved and what to watch next.
Reports
All reports
Find all our reports.
- Explained · Valuation methodsNo. 001 Explained: How do Bankers decide what a company is worth?Read (PDF) →
- Deal Breakdown · Long Lake / Amex GBTDeal Breakdown No. 001: Was $9.50 enough?Read (PDF) →
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Research
Four series, one standard
Each piece starts from primary sources, shows its numbers, and is written for a reader who is still learning. Jargon is explained the first time it appears.
Deal Breakdown
A recent merger, acquisition or buyout taken apart: why it happened, what was paid and whether it was worth it.
Company Deep Dive
One listed company in full: how it makes money, how it is valued and the case for and against owning it.
Explained
The building blocks: what a bond yield is, how a DCF works, why rates move share prices.
Sectors
Our sectors
Each sector is covered by its own Junior Analysts, who build expertise in one area over the year and publish in all four series. Together they cover how every part of finance connects to the others.
Sector 01
M&A
Takeovers and mergers: why deals happen, what was paid, how they are financed and whether they created value.
Example questionWhy buyers pay a control premium
Sector 02
Private equity
Buyouts and take-privates: how funds use debt, improve businesses and sell them on.
Example questionHow an LBO makes its return
Sector 03
Equities
Listed companies, earnings and valuation, and the stories behind big share price moves.
Example questionReading a results day properly
Sector 04
Macro and rates
Central banks, inflation and bond markets, and why they set the price of almost everything else.
Example questionWhat a Bank of England cut changes
Sector 05
Banks and fintech
How banks, insurers and payment companies make money, and how new entrants are challenging them.
Example questionHow a bank actually earns its margin
Sector 06
Energy and commodities
Oil, gas, metals and the energy transition, and how they feed through to prices and profits.
Example questionWhy the oil price matters to your bills
Sector 07
Geopolitics
Wars, elections, sanctions and trade policy, and how they move currencies, commodities and share prices.
Example questionWhat tariffs mean for UK exporters
Sector 08
AI and technology
How AI is reshaping companies, capital spending and valuations, from chipmakers to the businesses adopting the tools.
Example questionWho is actually making money from AI?
How a JMA report is made
Our process
We hold every piece to the standard of a professional research note, then write it so a first-time reader can follow it.
- SOURCEPrimary documents first
Annual reports, RNS announcements, central bank releases and Companies House filings come before commentary. If a figure can't be verified, we say so.
- ANALYSEShow the working
Charts and numbers come from data a reader can check. We use AI tools to speed up research and verify every figure they produce.
- REVIEWChallenged before it's published
Each piece is reviewed by another member of the team before release.
- EXPLAINWritten to be understood
Every report ends with the key takeaways in plain English.
People
The team
Three second-year students at the University of Edinburgh.
Co-Founder
Arthur Taylor
Reading Economics with Finance at the University of Edinburgh, with a First in Year 1, and a Junior Analyst at the Edinburgh University Trading & Investment Club. Helped design a usage-based pricing model at Adora Health, a Nina Capital portfolio company, and shadowed the sale of a 13-building business park for a UK pension fund at Doherty Baines.
LinkedInCo-Founder
Joel Hawker
Reading Economics at the University of Edinburgh, with a First in Year 1. As a Junior Analyst at the Edinburgh University Trading & Investment Club, he helped build and pitch a long case for Mizuho Financial Group to a panel of investors. Interned as a financial consultant at Discovering Futures, where his tax recommendation was adopted by the business.
Founding Analyst
Max Meikle
Reading Philosophy, Politics and Economics at the University of Edinburgh, after A*s in Politics, Economics and Maths at A-level. Trains and consults with FreshSight, advising social enterprises and charities, and is Lead Instructor at Mathnasium.
Recruiting 2026–27
Join as a Junior Analyst
Open to Edinburgh students in any year and any degree. You don't need experience. You need curiosity about markets and the discipline to publish every week.
The role
You join one of our sectors and become its specialist. Each week you research and write a short report on something happening in that sector, which is reviewed by the team and published in our Research section under your name.
SectorChoose one of our eight sectors
OutputOne published report a week
TimeAround 3–5 hours a week
What you get
- Training. Sessions on reading company filings, valuation basics and writing a research note.
- Feedback on every piece. Each report is edited and reviewed before it goes out.
- Advice and support. Guidance from the founders on your writing, applications and finance careers.
- Published work. A record of research with your name on it to show employers.
How to apply
- Fill in the short application form and tell us which sector you want to cover.
- Shortlisted applicants are sent a short case study to complete.
- Talk it through with the founders, then start writing.
Questions about the role? Email us.
s2832340@ed.ac.ukWe also take on up to two free advisory projects a term for startups and small businesses. Get in touch if that's you.