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Our US Consumer & Retail team at Elphinstone Research Group has released an equity research deep dive assessing Nike's turnaround as of mid-2026. The full report is also available on our website: https://www.elphinstoneresearchgroup.com/err-us-nike All information contained herein is derived from publicly available sources believed to be reliable, but accuracy and completeness are not guaranteed. This report does not constitute investment advice or a solicitation to buy or se

Elphinstone Research Group has been invited to the Q&A Session "Break Into High Finance" with Patrick Curtis, CEO of Wall Street Oasis By attending this event, you will unlock exclusive perks on WSO's platform, including: 🎓 Sponsored seats in WSO’s Investment Banking & Financial Modelling Bootcamps (~$800 value each) 🎤 Exclusive live Q&A with industry mentors (IB BB, PE MF, MBB Consulting pros) 📘 Access to recruiting timelines, resume templates & cheat sheets 🗂 The world’

We are very happy to announce that we are officially part of the WSO Club Partner Program, giving us exclusive access to world-class training, mentorship, access to speakers and career tools at no cost. This gives us access to: 🎓 Sponsored seats in WSO’s Investment Banking & Financial Modelling Bootcamps (~$800 value each) 🎤 Exclusive live Q&A with industry mentors (IB BB, PE MF, MBB Consulting pros) 📘 Access to recruiting timelines, resume templates & cheat sheets 🗂️ The

More than 40 Legal Research applications have been received from India, with more than 50 India-based applicants across the wider ERG intake. Interest includes students from Gujarat National Law University, National Law University Delhi and law schools across the country. These institutions are named only to show the reach of the applicant pool. They are not presented as formal partners. The first India project will examine ANI Media Pvt. Ltd. v OpenAI OpCo LLC and the treatm

A 2025 survey cited by the UK Government found that one in three organisations monitored employees’ digital activity, up from one in five in 2023. Monitoring can now include screen capture, keystrokes, location tracking, biometrics and AI systems that influence shifts, pay, discipline or dismissal. Today, we are publishing Workplace Monitoring Technologies, the second report from ERG’s UK Legal Research Branch. Prepared for the Government’s live consultation, the 38-page repo

ERG is partnering with Vantedge on a joint publication examining a major failed M&A transaction. The collaboration brings together three ERG legal researchers and three Vantedge M&A analysts. Our team will examine the transaction’s legal structure, governance and regulatory challenges, while Vantedge will lead the valuation, financing and wider commercial analysis. Together, the two teams will trace where the deal broke down and consider whether a different structure could ha

More than 20 applications have been received from undergraduate and postgraduate students, including applicants from the Chinese University of Hong Kong, the University of Hong Kong and City University of Hong Kong. We are grateful to the University of Hong Kong for posting the opportunity on its student intranet. We also thank the Hong Kong Student Law Gazette for sharing and promoting it with its student audience. Their support, together with the work of ERG’s outreach volu

In accordance with Kevin Warsh's 100th day in office as Fed Chair, the Macro team examined his current impact on the market with his new decisions to roll back forward guidance as well as to keep interest rates steady so far. The team concluded that due to ongoing turmoil in the Strait of Hormuz, as well as growing dissent to raise rates from the July meeting, a September hike of 25 bp is likely, and the investment thesis is to: - Trim exposure to short-duration Treasuries (T

ERG has received more than 100 applications across its current intake, including more than 60 for Legal Research. India is our largest Legal Research applicant market, with more than 40 applications. Hong Kong has received more than 20. The United Kingdom remains the established home of ERG Legal Research. We are now forming a new India team, building our Hong Kong cohort and carrying out early development work in the United States, Germany and Switzerland. The growth matters

This acquisition analysis brief examines Ingredion’s recommended acquisition of Tate & Lyle, one of the London market’s longest-standing names. Our Legal Research team worked on the 46-page analysis, covering the scheme of arrangement, the Takeover Code, competition, employment, intellectual property and integration. We found a strong commercial case and a clear legal route to full ownership. The difficult part comes next: regulatory clearance, bringing the businesses togethe

To mark the launch and in accordance with the recent election of Andy Burnham as Prime Minister of the United Kingdom, we are pleased to release the inaugural report of the branch: A deep dive into Keir Starmer’s resignation and the effects of a Burnham administration on the UK water industry. The new Macro & Policy Research branch of Elphinstone Research Group looks to uncover how political developments, government policy, and geopolitical events shape financial markets and

Watch our new Training Academy video focusing on Modern Portfolio Theory and Mean-Variance Optimisation. In this video, we explain how to achieve the optimal balance between risk and reward by breaking down the mathematical components of covariance and correlation matrices and demonstrating how to calculate portfolio risk and return using mean-variance formulas. The video also walks through a practical 2-asset portfolio example, outlines the mechanics of the Sharpe Ratio, and

Issue 6 - 30/06/2026 Read now on our website: https://www.elphinstoneresearchgroup.com/king-street-journal Elphinstone Research Group | Scottish Registered Charity No. SC054318

At Elphinstone Research Group, we are proud to announce the launch of our brand-new Legal Research Branch. Our mission has always been rooted in rigorous, impactful research, and this new branch will give people the chance to explore critical legal analysis in more depth. We are officially looking for passionate law students to join our new team. If you want to use your legal skills to drive meaningful, real-world change, we want to hear from you. Applications are open. Compl

Our Private Equity team at Elphinstone Research Group has put together a comprehensive sector deep dive examining the shifting landscape of private capital within the global financial services ecosystem. The report provides a granular look at how sponsors are navigating the interconnected network of banking, insurance, asset management, and fintech. With buyout dry powder reaching a record $1.2 trillion by mid-2025, general partners are under significant pressure to deploy ca

Our Consumer & Retail team at Elphinstone Research Group has released a comprehensive equity research report on Garmin Ltd. The report examines Garmin’s structural transition from a pure-play hardware manufacturer to a high-margin technology platform. While the broader wearables market faces stagnating unit growth, Garmin is successfully executing a premiumization strategy, capturing around 10% of global industry revenue with only 4% of unit volume. By focusing on high-ASP de

Our M&A Industrials research team at Elphinstone Research Group has produced a comprehensive analysis of Ondas Inc.’s acquisition of Rotron Aerospace, examining how the deal accelerates its "Systems of Systems" vision through the integration of advanced propulsion hardware and autonomous software. The transaction addresses a critical capability gap in Ondas’s portfolio, adding specialised VTOL platforms, long-range UAV airframes, and high-efficiency aero-engines. Beyond techn

Watch our latest Training Academy video covering the essentials of Fixed Income Securities In this video, Pasidu Perera builds up the basics of what Fixed Income Essentials are. Focusing on some of the most important elements, like its features, the legal and regulatory implications and contingency provisions. Materials used in this video can be accessed on our website: https://www.elphinstoneresearchgroup.com/training-academy Link to the full video on YouTube: https://www.yo

Our Private Equity Research team at Elphinstone Research Group has produced a comprehensive analysis of Apollo Sports Capital’s acquisition of a majority stake in Atlético de Madrid. The report examines how this landmark transaction, valuing the club at €2.5bn, marks a watershed moment in the institutionalisation of elite European football. To learn more about the acquisition, check out our full report: https://www.elphinstoneresearchgroup.com/pe-apollo-atletico Private Equit

Our Healthcare M&A Research team at Elphinstone Research Group has produced a comprehensive analysis of Abbott's $23 billion acquisition of Exact Sciences, examining how the deal marks a strategic entry into cancer screening and precision oncology while reshaping its long-term growth profile. The transaction closes a critical gap in Abbott's diagnostics portfolio, adding a leading oncology platform spanning screening, treatment guidance and monitoring. With Exact Sciences' in