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KKR's Alliance Boots results in good health

Alliance Boots, the UK pharmacy retailer owned by Kohlberg Kravis Roberts, yesterday reported a 11% rise in fiscal first-half revenue and said it is well positioned for the second-half of the year, which includes the key Christmas trading period, despite the weak outlook for overall consumer spending.

The pharmacy-led health and beauty firm said its overall trading performance for the six months to September 30 is inline with its expectations, with the group on track to deliver its fiscal 2009 profit and cash flow goals. No specific target figures were provided.

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