The Shares Researcher

Intro B&M started life in 1978 as a single discount store. The business pottered along as a small regional operation until 2004, when brothers Simon and Bobby Arora acquired it. At the time, B&M had just 21 stores. Under the Aroras, it became one of the great British retail growth stories, listing on the London Stock Exchange in 2014 and briefly reaching the FTSE 100. Today the group operates around 780 B&M stores in the UK, over 130 in France, and roughly 340 Heron Foods convenience outlets. The Arora family has gradually reduced its stake, making B&M a widely held institutional stock. A domicile migration from Luxembourg to Jersey – completed in early 2026 – has simplified the corporate structure and, crucially, given the board greater flexibility to return capital via share buybacks. Valuation The share price has roughly halved over the past year, falling from above GBP3.5 to around GBP1.6. At that level, the market capitalisation sits near £1.6 billion. On...

Intro Domino's Pizza Group is the exclusive master franchise holder for Domino's Pizza in the United Kingdom and Ireland. The company doesn't own the Domino's brand itself – it licenses it from the US-based Domino's Pizza Inc – but it does control the entire UK and Irish operation: the supply chain, the digital platform, and the franchise relationships with the local operators who run about 1,400 stores. The UK franchise dates back to 1985, when the first store opened in Luton. The master franchise was acquired in 1993. For a while, management tried to replicate the model abroad – Norway, Sweden, Iceland, Switzerland – but those ventures proved costly and distracting. Between 2019 and 2021, the company exited all its directly operated international markets and refocused entirely on the UK and Ireland. It was the right call. 2025 brought more disruption at the top. CEO Andrew Rennie departed by mutual agreement in November after just two years in the role, repo...