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Business The Times January 12, 2007 Boots sees difficult future after slowdown Neelam Verjee Alliance Boots issued a grim forecast for the coming months as news of a slowdown in sales put a dampener on its share price yesterday.

The company, created from the merger last year of Alliance UniChem and Boots, said that it saw no evidence that the economic climate had changed to make life easier for consumers, sending the shares down 2.7 per cent to 811p.

George Fairweather, the finance director, said that, in terms of looking ahead, “we are being cautious”.

The company said that like-for-like sales at its retail operations in the UK were up 1.5 per cent in the three months to December 31. Although that marked a slowdown from the 4.5 per cent increase seen in the first half, the company said that after stripping out the impact of weekend timings, sales would have shown a 2.2 per cent increase.

Total sales in the retail division were up 2.7 per cent in the quarter, and up 5.1 per cent in the wholesale unit.

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