We study a variational model from micromagnetics involving a nonlocal Ginzburg-Landau type energy for S1-valued vector fields. These vector fields form domain walls, called Néel walls, that correspond to one-dimensional transitions between two directions within the unit circle S1. Due to the nonlocality of the energy, a Néel wall is a two length scale object, comprising a core and two logarithmically decaying tails. Our aim is to determine the energy differences leading to repulsion or attraction between Néel walls. In contrast to the usual Ginzburg-Landau vortices, we obtain a renormalised energy for Néel walls that shows both a tail-tail interaction and a core-tail interaction. This is a novel feature for Ginzburg-Landau type energies that entails attraction between Néel walls of the same sign and repulsion between Néel walls of opposite signs.