BUZZ-Labour-intensive firms at risk from Osborne's Budget

** Challenger banks and estate agents both suffered in Chancellor George Osborne's Budget, but strategists say the biggest impact may be felt by labour-intensive firms hit by the minimum wage rise

** Minimum wage to rise by 38 pct to £9 per hour by 2020

** Impacts yet to be felt by companies but long-term effects on margins and revenues could be substantial

** Barclays (LSE: BARC.L - news) highlights companies with high UK exposure, low margins and high labour cost to revenue ratio

** Stocks likely to be affected: Mitie, Capita , Go-Ahead Group, Restaurant Group (LSE: RTN.L - news) , JD Wetherspoon, Interserve (LSE: IRV.L - news) , Stagecoach, Babcock. Chart: http://link.reuters.com/ram25w

** Liberum says outsourcers most likely to be affected (Mitie mentioned) as well as UK supermarkets

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)