DSGi has posted a six per cent increase in overall revenues for the 16 weeks leading to August 18th. According to the firm, the rise in takings is largely down to flat panel sales.

The group said 11 per cent group sales were good, yet it is too early to predict the outlook for the next year.

“Whilst the year has started well we remain cautious about the outlook for the consumer in the UK and across much of the rest of Europe in a higher interest rate environment,” DSGi said.

"New technology products such as flat panel televisions and laptops continue to drive demand, and the white goods market across most of our European businesses has been more encouraging," said chief executive John Clare.