Cabbies Trade Company on Exchange

More than 1,000 London cabbies started buying and selling shares on their own mini stock market today.

Radio Taxis awarded each owner-driver 1,000 shares – as well as a £1,100 windfall – when it demutualised in June. Today saw the first in a series of quarterly auctions in which cabbies are allowed to trade the shares among themselves in an internal auction system that has been compared to eBay.

Published by Andy

Gay Hoosier Taurus INFJ ex-playwright pianist gymbunny published author in San Francisco.

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