NEXT plc (NXT.L) announced the sale of non-operational land at Waltham Abbey, Essex. The sale generated net cash proceeds after costs of 54.1 million pounds, and an exceptional profit of 16.3 million pounds. The Group said this additional cashflow increased the surplus cash available for shareholder distributions in the current year. This would increase the special dividend by 45 pence.
The Group noted that transactions of this nature do not form part of its normal usiness and so the profit will be classified as exceptional.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.