InterContinental Hotels Group PLC says it will launch a share-buyback program of up to $500 million. The London-listed hotel chain reported a rise in net profit for the first half on increased revenue. First-half operating profit was $361 million, compared with $138 million the year before.

Revenue per available room was up 51% on year as travel demand increased across most of its markets. InterContinental said it is resuming dividend payments, with the board proposing an interim dividend of 43.9 cents, a 10% increase from the prior interim payment in 2019.
Posted by WA wagmi
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