Twickets founder Richard Davies has backed the live events industry to rebound from its current slump once the Covid-19 crisis has subsided.

The face value resale site has partnered on tours by the likes of Stormzy, Lewis Capaldi and Harry Styles, and Davies said the secondary market initially witnessed an upswing in activity.

“In the early weeks of the crisis we were seeing a significant increase in trading, as sellers were keen to offload but there were plenty of buyers ...