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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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.