Tesco features heavily in the current business news following a recent profit warning. The library’s business databases are very valuable if you want to research this in more detail.
Dow Jones Factiva is a business news database that covers a wide range of newspapers and trade journals. The news articles are indexed to make it easier to locate the information you need.
The screenshot below shows results for the following search criteria:
- Company – Tesco PLC
- Subject – Profit Warnings
- Date – In the last 3 months
Note that you can scroll down the left hand column to get useful summaries of the results.
This search does not give the Tesco profit warning. It gives all the news articles about a profit warning that also mention Tesco PLC within the article. There have been several articles about the profit warning in the Financial Times, The Guardian, The Telegraph, The Independent, …
Selecting an specific source, for example Financial Times, is a useful way of restricting your search results to a more manageable number from the original 471 (193 eliminating duplicates). In this example it is then easy to identify that Tesco PLC issued its profit warning on Friday 29 August 2014.
We now expect trading profit for 2014/15 to be in the range of £2.4bn to £2.5bn. Trading profit for the six months ending 23 August 2014 is expected to be in the region of £1.1bn. (Tesco PLC, 2014)
This “Trading Statement” – note that Tesco does not issue a statement that uses the term “profit warning” – is available on official RNS news from the London Stock Exchange (see LSE – News and Events – RNS). It is also available from the PI Navigator database.
PI Navigator is a specialist database covering global company filings (e.g. annual reports, IPO propectuses, news announcements, mergers and acquistions)
The following screenshot shows results for the search criteria:
- Company – Tesco PLC
- Classification – Trading and Operating Updates
- Issue Date – After 30 June 2104 (3 months)
Note that in PI Navigator it is not possible to search for profit warnings – you have to search for all the market sensitive trading updates that have been released by the company. On the plus side it is quick and easy to find the Tesco PLC Trading Statement of 29 August 2014, and the later trading update about profits for the six months to August 2014 being overstated by an estimates £250m.
Tesco PLC (2014) “Tesco PLC – TSCO Trading Statement Released 07:00 29-Aug-2014”, Available at http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12066364.html, (Accessed 30 September 2014).
A couple of students reported problems searching for company news stories that have appeared in the Financial Times.
- Factiva– covers FT 1981 to present (one month embargo for full-text)
- ABI Inform – covers FT 1996 to present (one month embargo for full – text)
- Financial Times Historical Archive – 1888 to 2009
Factiva from Dow Jones covers a wide range of business news sources so it is a great choice if you want to extend your search to include other sources.
- Find and select source Financial Times (Available to Academic Subscribers only)
- Find and select company Ford Motor Company
- Select Date All Dates
- Additional search text – strateg* and wc>500 [optional – see Factiva – more search options (July 2010)]
- Search and browse your results, refine search parameters as necessary
Further useful Factiva tips
- Factiva – using company and source codes (September 2013)
- How Business News can enhance your Research (June 2011)
- Down to business: finding business information from My Learning Essentials includes an online video on using Factiva.
ABI Inform from ProQuest is one of the most comprehensive business databases providing access to academic journal articles, trade journal articles as well as the Financial Times.
- Select Publications and then search for Financial Times
- Select Financial Times and scroll down to search within this publication
- Try search “ford strategy” – 2528 search results on 29 November 2013
- Browse the results – sort results by relevance means headlines including ford and strategy are at the top of the results – refine search as needed
Previous post – A new look for ABI Inform (July 2011)
The Financial Times Historical Archive delivers news stories as they appeared in the paper. Every item ever printed in the daily business newspaper, from 1888-2009, can be searched and browsed article by article and page by page.
The Cambridge Judge Business School (CJBS) Library recently published a blog post “Top 5 best databases” to highlight their most popular premium databases. It is a great list if you are interested in exploring key University of Manchester database with just a little adjustment to account for differing subscriptions.
- EBSCO Business Source Complete – We have Business Source Premier our largest business journals database with articles covering all aspects of business and management.
* EBSCO Business Source Premier tips *
- Capital IQ – We have a trial access to Capital IQ (one user access) – [Update June 2014 – Following the successful trial we now have Capital IQ.] There are a range of other databases for researching company and financial market information – see Researching Financial Markets for a summary from a research perspective.
- Factiva – from Dow Jones, Factiva is a great choice for business news – covers the most important newspapers worldwide and a large number of trade journals.
* Factiva tips *
- Passport (from Euromonitor) – used to be called GMID (Global Market Information Database) then Passport GMID – a great source of global market, industry and country data with an emphasis on consumer goods.
* Passport (GMID) tips *
- Investext – Investment analysts (brokers) reports available in Thomson ONE.com or Thomson Research (from Thomson Reuters) – both of these only work in Internet Explorer (see Thomson ONE.com – browser compatibility or Thomson Research only fully works with IE)
* Thomson ONE.com Research tips * * Thomson Research tips *
For a fuller list of databases available at University of Manchester browse the business and management pages (LibGuides).
- Resources – Journal articles – Business Source Premier and alternatives
- Resources – Databases – International Companies and Databases – UK Companies – Thomson Research and other company information databases
- Resources – Databases – Business news – Factiva and alternatives
- Resources – Databases – Markets and Sectors – Passport GMID and alternatives
You might also be interested in our getting started guides.
[Medal image: http://www.flickr.com/photos/danjc003/1876117737/]
Get more accurate search results in Dow Jones Factiva by using a company code rather than just putting the company name in the free text search box.
You can select the company search option, search by name, and click on the name in the company results list. In this case the company code is used but it is not visible on your search screen.
To see the company code – as before select the company search option and search by name but then select the blue pyramid add icon, This will add the company code into the free text search box in the format “fds=mks”, where mks is the company code for Marks and Spencer PLC.
It is exactly the same if you want to use codes for sources – for example “rst=ftft”, where ftft is the source code for the Financial Times. If you select the information icon then a popup window will give the details of the company/source including its code.
In the screenshot above the source code for the Financial Times (rst=ftft) has already been added to the free text search box. Selecting the add icon will add the company code for Tesco PLC (fds=tsco). You can complete the search by adding the connector, e.g. “rst=ftft AND fds=tsco”, and then click the search button to get your results.
One advantage of using explicit search codes is that you can easily save a copy for your search to reuse at a later date.
Further Factiva tips
“Factiva” and “Researching Business News” guides from the business and management guides page.
Our factiva tagged posts – showing the range of research where Factiva can be useful.
- How business news can enhance your research (posted June 2011) is a great starting point
- Factiva more search options (posted July 2010) mentions some other Factiva codes
- Factiva – business news database (posted December 2010) includes a screenshot of Financial Times access
Factiva has a YouTube channel www.youtube.com/factiva (this may include features not available on the University of Manchester academic subscription).
Students and staff can make use of University of Manchester Library resources to browse recent news.
Factiva (from Dow Jones) has a News Pages tab that offers simple access to top newspapers worldwide (most recent two weeks).
Select Global from the drop-down list and you get: The Wall Street Journal, The New York Times, The Australian, The Times and scmp.com (South China Morning Post).
Select United Kingdom and you get: The Daily Telegraph, The Times, The Guardian, The Independent, The Wall Street Journal (Europe) and The Economist.
Note: Factiva provides News Pages in several languages in addition to english.
Factiva does include access to The Financial Times but not through the News Pages – you have to use the Search tab and select The Financial Times as your source.
Bloomberg Professionalis an excellent source of financial market news. Useful news functions include:
- TOP <GO> – Today’s top news stories
- READ <GO> – Most read news
- N <GO> – Main news menu
- NSE <GO> – News search engine
- NRR <GO> – News readership rankings
For a list of news databases goto the Business and Management databases page and scroll down to the Databases: Business News section.
What resources are available for researching FirstGroup plc? (who among other things run many of the buses in north Manchester)
Free online resources:
- FirstGroup PLC company website – especially the investor relations section that gives the latest annual report (128 pages).
- Yahoo Finance UK, Google Finance UK,
Library subscribed resources:
- Marketline Company Profile FirstGroup plc from Business Source Premier – 24 pages including key facts, business description, history, key employees, revenue analysis, SWOT analysis
- GlobalData FirstGroup plc (FGP) – Financial and Strategic SWOT Analysis Review July 2012 – an analyst report from Thomson Research – 26 pages – About the company, Company Analysis (including SWOT), Company Financial Ratios, and details of GlobalData and their analysis methodology.
- Key Note Bus & Coach Operators Market Report 2012 from KeyNote – a market research report including a profile of FirstGroup as a key company. (Other KeyNote market reports include Rail Travel 2011 and KeyNote company information provides five years of company accounts.)
- 7 Economist articles (since 2001) and over 500 Financial Times articles – both from ABI/Inform (Proquest) .
- 10 years of FirstGroup accounts through Fame – a database based on accounts filed at UK Companies House with additional information on shareholders and subsidiaries.
In summary, the library subscribed resources provide access to reports that would be expensive to buy (investment analysts and market research reports) and databases that provide more flexible search and download facilities than free online resources.
If the above library resources are not enough, there are plenty more:
- Thomson Research has a total of 256 analyst reports on FirstGroup plc published in the last 2 years. These are valuable reports and not easily found with a google search – see Analysts reports on Thomson Research.
- Factiva has 2,176 news stories from the last 6 months – including over 100 from the Financial Times.
Dow Jones Company Report FirstGroup plc – from Factiva – 15 pages – company overview and financials (balance sheet, cash flow and income statement) for last 5 years.
- Thomson One Banker provides financial market information: overview, prices, financials, estimates, deals (e.g mergers and acquisitions), ownership and comparables.
- ORBIS is similar to Fame except that it covers the largest 230,000 companies worldwide (Fame is UK and Ireland only) so you can compare FirstGroup with similar companies worldwide.
- Bloomberg Professional provides financial market information and business news – the DES (description) function provides a brief overview report.