Boots Group Plc reported a 9.6% slump in profits for the last six months, citing weak consumer spending and restructuring costs as the reasons.

Boots' pre-tax profits for the six months to September 30 fell 9.6% to £163 million on account of ongoing restructuring activities and weak consumer spending. The company's profits during the period were adversely affected by weak demand for the Atkins diet products. Boots expects its markets to remain challenging during the forthcoming Christmas season.

Find out if Atkins diet products had anything to do with Boots' profits falling at http://www.newratings.com/analyst_news/article_1085839.html.