Paper tips Budgens shares

5 December 2001

Paper tips Budgens shares

By FWi staff

INVESTORS should consider buying shares in supermarket group Budgens, advises Daily Express financial writer Trevor Webster.

Growth in the chain, which has more than 200 stores in the south east and Midlands, stands comparison with the best, he claims.

Like-for-like sales were up 6% for the first half of the year, and a rise in profits from 16.8m to 19m is forecast.

There are takeover prospects too, as Irish supermarket chain Musgrave has a chance to up it 28% share to 43%, writes Mr Webster.

This could trigger a bid for the balance.

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