Europe's second leading electrical retailer, DSG International said that it wasn't hoping to see double-dip slump and forecasted that its shares will be re-rated, which will be with the perked-up trading performance.

DSG International, the owner of CURRYS has shrugged away the next year's VAT increment, advising that the growing sales tax will not depict any big impact on the trade whilst the new technology like the 3D television must go on.

DSG, the leading electrical equipment retailer, which had changed its title to DSG International in 2005, has proclaimed that it will change its name for the second time, making it Dixons Retail.

This has been done as the Company realized that its name is not being used after it was changed in 2005. The same year saw the retail stores of the Company being named as Currys.

According to the firm, this Thursday amidst the economic glitch in Europe which is expected to move in a more challenging way as the current year was well kept to move along with and witness the profits to grow.

Further as per the Chief Executive John Browett, the group is all set for the said environment for the group to carry along with profitability and improvement.

Electrical vendor, DSG that operates the Currys and PC World series in Britain, UniEuro in Italy, Elkjop in Nordic nations and Kotsovolos in Greece, said that sales at stores open over a year rose 6% in the 28 weeks to May 1.

Currys and PC World owner DSG International announced that it had plans to close the final salary pension scheme, in a move that will affect as many as 2,400 of its 40,000 workers.

However, the company added that the end of the final salary pension scheme would not affect any benefits already accrued.

The scheme has already been closed to new employees.