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PRESS DIGEST- Financial Times - Sept 17

·1 min read

Sept 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Coca-Cola and rivals fail to meet plastic pledges https://on.ft.com/2Rvq9Ia

- Richard Branson to raise $400m for Spac https://on.ft.com/32E5acB

- Sony goes into battle against Xbox with new PlayStations https://on.ft.com/3hDMGgL

- Snowflake doubles in first trades after largest-ever software IPO https://on.ft.com/2H0hdbI

Overview

- Coca-Cola Co and other drinks manufacturers have missed their own targets of recycling and use of recycled plastics with Coca-Cola Co being the worst offender, according to a campaign group—Changing Markets Foundation's report.

- Billionaire Richard Branson-backed blank-check company VG Acquisition Corp plans to raise up to $400 million through an initial public offering.

- Sony Corp said on Wednesday it would launch PlayStation 5 console in November priced at $399 and $499 for a version with a disk drive.

- Shares of Snowflake Inc made their stock market debut on Wednesday and rose more than 160 percent above their IPO price. (Compiled by Bengaluru newsroom)