Business Diary: A Guinness overflows...

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The Independent Online

Daphne Guinness, the brewery heiress, now lives in a rather swanky apartment on New York's Fifth Avenue, where she has a bit of a legal problem, the New York Post reports. Her neighbours, Karim and Tina Samii, who own the $12m (£7.7m) flat downstairs, are suing her for repeatedly flooding their place with overflowing bath water. The couple claim it's happened four times in the past two years.

Balderton backs winner

Balderton Capital, the venture-capital firm, sent emails around the City on Friday paying tribute to the online-betting company Betfair, whose IPO on the stock exchange was a big success. Balderton has every reason to be delighted with the top-end valuation Betfair attracted: as a major investor in the business, its stake is more valuable than ever.

Hotel's premier location

Premier Inn, the budget hotels chain owned by Whitbread, has secured the former Queens Hotel in London's Leicester Square. It plans to build an 84-bedroom hotel in part of the building, which is also home to a casino, restaurant and nightclub, all of which are set to stay. Good luck to them, but it doesn't sound as if guests should bank on the most peaceful night's sleep of their lives.