City&FinanceBriefing Mercedes taxi and the TX4 -- is reporting that the former is outselling the latter at a rate of four to one on its forecourt. Peter DaCosta, the former cabbie who is Eco Citys chief executive, said: The new M e r c e d e s - B e n z t a x i i s r a p i d l y gaining market share and the cabbies love it. For the cabbie, the Mercedes is giving him 27 or 28 miles per gallon compared with 20 mpg on their old model if theyre are lucky. Thats 7 or 8 a day, 40 or 50 a week. That matters. London Lite Tuesday, 29 September 2009 33 READER OFFER TOP PRICE TICKETS FOR 27.50* TO BOOK TICKETS CALL 0844 847 1775AND QUOTE LITE TERMS & CONDITIONS: Valid for Monday - Friday performances at 7.30pm and Wednesday and Saturday matinees at 2.30pm until 23 October 2009. Offer is subject to availability and not valid in conjunction with any other offer. A processing fee per transaction of up to 3.50 applies. Best Available tickets for 27.50 (usually up to 55) *(30 on Friday night and Saturday matinee) Best Available tickets for 27.50 (usually up to 55) *(30 on Friday night and Saturday matinee) PLAY THE GAME Available for iPhone and iPod Touch visit wewillrockyou.co.uk Inbrief Gourmet Burger flips past 50 GOURMET Burger Kitchen owner Clapham House today said it has opened its 50th branch, in Clink Street, plus two more in the Middle East in the first six months of its financial year, when revenue rose 2%. It takes the number of GBK restaurants overseas to 13, but chairman David Page said the UKs trading outlook for the year to March 2010 is challenging. Dairy Crests online success MILK, butter and cheese group Dairy Crest says its online delivery system is flying after being rolled out nationally, attracting 100,000 sign-ups. Country Life, the companys butter brand, has just overtaken Anchor in sales. It still lags market leader Lurpak. Dairy Crest has slashed debts in the face of the downturn, leading to 400 job losses this year. Disney let off Pooh royalties A LOS Angeles court has ruled that Walt Disney corporation does not owe $700million (439million) of Winne the Pooh royalties. In 1961 New York-based company Stephen Slesinger sold the Winnie the Pooh rights to Disney for a regular royalty but claimed in 1991 that Disney had fiddled payments. But 18 years later, the judge ruled that Slesinger has no claims to any Pooh rights. Borders to sell Books Etc arm HIGH Street bookseller Borders is to get rid of its seven remaining Books Etc stores in the UK and two smaller Borders express outlets. Borders UK -- which was placed under financial strain by Books Etc -- aims to become a single brand with the move. The group, which has 36 stores, separated from its US parent in July. Australia Dollars 1.7349 Canada Dollars 1.6495 Denmark Kroner 7.6591 Eurozone Euro 1.0323 Hong Kong Dollars 11.6300 Japan Yen 134.6100 New Zealand Dollars 2.0584 South Africa Rand 11.0700 Sweden Kronor 10.5900 Switzerland Francs 1.5576 UAE Dirham 5.4495 United States Dollars 1.5100 TOURIST RATES DOWN 15.77 at 5149.93 FTSE 100 DOW JONES NIKKEI -$ UP 124.17 at 9789.36 UP 90.68 at 10,100.20 DOWN 0.11c at $1.5871 >>For all the latest City share prices, call 0905 817 1694* or visit thisismoney.co.uk * Calls cost 75p/min from a BT landline & last approx 1 min per quote. Not all stocks are available The party is over for Moss Bros MOSS BROS says companies cutting corporate entertaining are to blame for its widening losses. The menswear retailer today said its hiring arm has been hit by a shortage of black-tie parties and such entertainments as taking clients to Royal Ascot. Chief executive Brian Brick said business is picking up, however. He predicts this Christmas will be better than last year, when Moss Bros was hit by a swathe of party cancellations. TUI Travel welcomes end of the staycation ONE wet British summer later and the much-vaunted staycation is over. Package holidays giant TUI Travel today said bookings for next summer are strong as the brief flirtation with saving money by holidaying at home comes to an end. TUI chief executive Peter Long said: I didnt buy into this staycation argument, especially when the weather is lousy. Customers want sun. There will be a number of people who didnt travel with us this year who will make sure they do next. Next years holidays will be more expensive, with prices up 4% on average. Customers are trying to hedge against the fall in the pound by heading out of the eurozone -- Turkey and Egypt are hugely popular. TUI, formed in 2008 from a merger of First Choice and Germanys TUI AG, today raised 440 million from a convertible bond and new bank facilities to pay down borrowings. Long has been fairly bullish throughout the recession, arguing that for many families the summer holiday is now regarded as a near- necessity. We have been prudent in terms of capacity, we have matched demand, he said. How do I feel? Neutral. Im not assuming any sudden uplift in demand, but Im not assuming any weakening. TUI today unveiled a 55 million joint venture with Sunwing, a Canadian tour operator. The company is on track to hit profit targets. London cabbies say Mercs Vito is streets ahead BY ROBERT LEAIS the familiar London black cab which can turn on a sixpence at risk of disappearing from the capitals streets? Greener and roomier with space for six passengers, the newly licensed Mercedes Vito -- with 400 sales over the past year -- has already captured 25% of the new London black cab market. Private forecasts from the taxi rank suggest the 35,000 air-conditioned Mercedes could outsell the Manganese Bronzes TX4 -- the traditional black cab -- within a year. Eco City, the AIM-listed company which helped out on the rear-wheel steering devel- opment of the Mercedes taxi, says that its subsidiary KPM-UK -- which sells both the Hail and farewell: the Mercedes model could be outselling the TX4 in a year index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html36.html37.html38.html39.html40.html41.html42.html43.html