H&M struggles to recover from pandemic, but lockdown winner Deliveroo plots €1bn shares sale 

Covid corporates: Major fashion retailer pins its hope on lifting sales, while food delivery service looks set to be valued at $7bn

Sales at fashion retailer H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in some markets, allowing hundreds of stores to reopen.

The world’s second-biggest clothes retailer said net sales fell 27% from a year earlier, or 21% when measured in local currencies, to 40.1 billion crowns (€4bn).