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.

John Browett, informing reporters on Thursday, said that taking into consideration the economic setting, there is no double dip slump faced and there is no signal seen, which marks that the consumer spending is going to lose its upbeat momentum.

First quarter predictions were met by DSG, which was with the help of its robust sales of TVs, especially prior to the football World Cup's beginning and also helped by the Apple iPads.

He said that irrespective of the abnormal set up of the market, the firm was on a safe side and well recuperating in the period.

Particularly stressing, Browett said that recuperation in DSG was not at all related to the economic recovery process at an international level.

He said that it solely depended upon how DSG was making its renewal and conversion scheme and that the firm was happy with the kind of growth it has been able to make, up till now.

The stock reached 0.9% at 25.6 pence, valuing the business at 874 M pounds.