IN BRIEF: Manweb in shares buyback

Manweb in shares buyback

Manweb, one of the 12 regional electricity companies, yesterday bought back almost 7 per cent of its shares at a price of 735p. The company said it would seek shareholders' permission at the AGM to buy a further 14.9 per cent. Manweb also said it accepted new electricity distribution price controls set by regulator Offer.