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Posts Tagged ‘Financial Times’

Profit warnings (business news)

30 September 2014 1 comment

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.

Factiva - Tesco news (click to expand)

Factiva – Tesco news (click to expand)

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)
PI Navigator - Tesco trading updates (click to expand)

PI Navigator – Tesco trading updates (click to expand)

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.

References

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).

FTSE 100 Index at 30

7 January 2014 2 comments

A newspaper article mentioned that the FTSE 100 index recently celebrated its 30th birthday (Stevenson, 2014).

It is relatively easy to produce a graph of the FTSE 100 over the last 30 years, but more difficult to identify how the constituents have changed over the years.

The screenshot below is from Thomson Reuters Datastream (2014)  and Datastream also includes FTSE 100 constituent lists from January 1996. (See Historical Index constituents (e.g. FTSE 100) posted June 2011) It is easy to do a similar graph with Bloomberg but it only records the constituents from 2 January 2001.

FTSE 100 (PI - Price Index)  (click to enlarge)

FTSE 100 (PI – Price Index) (click to enlarge)

Rebecca Clancy (2014) identifies 30 current FTSE 100 companies that were there at the start and 19 of these have always been included in the index. A Financial Times article from February 14 1984 suggests that the new FTSE 100 index did not immediately replace the existing FT 30. It also records the first index change. “The only change so far has been the removal of Eagle Star on its takeover by BAT Industries, and its replacement by the next on the list, which happened to be Charterhouse J Rothschild.”  (Riley, 1984).

I have a file FTSE 100 original constituents that is consistent with the FT article (Riley, 1984) including Eagle Star and BAT Industries but not Charterhouse J Rothschild. Unfortunately I have no record of the provenance of this file, but I think it was related to the University of Manchester Library involvement in the SCoRe annual reports –  SCoRe (search company reports) website closing (posted March 2013)

References

Clancy, R. (2014) “FTSE 100 celebrates 30th birthday”, The Telegraph, 2 January [Online]. Available at:  http://www.telegraph.co.uk/finance/markets/ftse100/10544527/FTSE-100-celebrates-30th-birthday.html  (Accessed: 7 January 2014).

Datastream. (2014) Thomson Reuters Datastream. [Online]. Available at: Subscription Service (Accessed: January 2014)

Riley, B. (1984) “Financial Times-Stock Exchange 100 Index Goes Live”, Financial Times, 14 February 1984, p. 8, Edition 29,246. Available at: Financial Times Historical Archive 1888 – 2009 (Gale Group) Gale Document Number:HS2304487684  (Accessed: 6 January 2014).

Stevenson, T. (2014) “Why I can’t stop watching the Footsie”, The Telegraph, 4 January [Online]. Available at:  http://www.telegraph.co.uk/finance/personalfinance/investing/shares/10549939/A-memorial-to-our-industrial-past-rather-thank-UK-plc-today.html (Accessed: 7 January 2014).

Searching Financial Times for company news stories

29 November 2013 Leave a comment

A couple of students reported problems searching for company news stories that have appeared in the Financial Times.

The University of Manchester Library has several options for searching Financial Times (FT) stories:

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.

Example search:

Factiva searching Ford news in FT (click to expand)

Factiva searching Ford news in FT (click to expand)

  1. Find and select source Financial Times (Available to Academic Subscribers only)
  2. Find and select company Ford Motor Company 
  3. Select Date All Dates
  4. Additional search text – strateg* and wc>500 [optional – see Factiva – more search options (July 2010)]
  5. Search and browse your results, refine search parameters as necessary

Further useful Factiva tips

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.

ABI Inform - Ford news in FT (click to expand)

ABI Inform – Ford news in FT (click to expand)

Example search:

  1. Select Publications and then search for Financial Times
  2. Select Financial Times and scroll down to search within this publication
  3. Try search “ford strategy” – 2528 search results on 29 November 2013
  4. 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.

 

Factiva – using company and source codes

3 September 2013 2 comments

Dow Jones FactivaGet 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.

Factiva adding company code (click to expand)

Factiva adding company code (click to expand)

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.

Factiva has a YouTube channel www.youtube.com/factiva (this may include features not available on the University of Manchester academic subscription).

Mergers and Acquisitions Research

8 October 2012 1 comment

Factiva – BAE Systems and FT (click to expand)

The possible merger of BAE Systems and EADS is much reported in the financial press at the moment.

Using the Factiva business news database we can see that there have been almost 100 articles about BAE Systems in the Financial Times alone in the last 3 months (almost all about the proposed merger).

However, there is not yet anything definite. On 12 Sept 2010 BAE Systems issued an official statement.  “Further to the recent movement in BAE Systems’ share price, BAE Systems plc (BAE Systems) and EADS N.V. (EADS) confirm that they are in discussions regarding a possible combination of their businesses. …” (RNS Number 1353M from PI Navigator). There is no specific merger proposal, so there is very little detail that can be recorded in a Merger and Acquisition database.

Thomson Research – Analysts’ reports for BAE Systems (click to expand)

Although the merger is only possible. It is likely to be included in reports be Analysts who follow either of these companies. (Some analysts may delay producing a report until there is a specific merger proposal.)

For more details on Thomson Research see the earlier post Analysts’ Reports on Thomson Research. (Remember Thomson Research only works with IE (internet Explorer)

See also (earlier posts)

Mergers and acquisition research can involve much more that the financial details of the deals, and remember not all deals are successfully completed.

Update 10 October 2012: EADS and BAE call off merger

How Business News can enhance your Research

23 June 2011 7 comments

Business news can be very useful for gaining a detailed international, national and even regional perspective on current and/or historical company/industry  events.  Search across international news sources, eg: newspapers, news feeds, magazines and industry trade publications, to find up-to-date information and to place events and issues in a social or political context.

 How can Business News Help Me?
Use Business News to complement and enhance your company / industry research, many sources may not have the most up to date information for company / industry events. Business news can help you understand what is happening right now and monitor events as they unfold.

  • Gain a detailed perspective on current/historical political issues and events
  • Keep up to date with company/industry events as they unfold
  • Examine political, economic and market trends
  • Track company announcements/results
  • Examine historic / current mergers, acquisitions, deals
  • Research key political, economic or company personnel
  • Gain a competitive advantage for job applications/interviews

Our primary source for business news is Factiva, providing international news (in many languages) from global, national and regional sources including newspapers, news websites, newsfeeds, stock exchange feeds, and business/industry specific magazines.

Factiva will provide news dating back to the early 1980’s. For further historical research you can also consult our Financial Times and Economist archives which provide a full text archive of every issue of the Financial Times and the Economist from the mid 1800’s including market listings, photos, adverts and indicator tables.  These are great resources for understanding the impact of historical events on company/market/economic developments.

For further information see our “How to Research: Business News” and our guide to searching “Factiva” available from the Helping You section of the MBS Library website:

Other Business Research Posts:

Related Manchester Business Answers Questions:

Financial Times (FT) online access

1 December 2010 1 comment

The Library does not have a subscription to the Financial Times online (FT.com).

However, FT articles are available from a number of business databases: Factiva (1981 to present), ABI Inform (1996 to present) and the Financial Times Historical Archive (1888 – 2006).