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British tech tycoon Mike Lynch and his 18-year-old daughter are among six tourists missing after a luxury yacht sank in a tornado off the coast of Italy.

One person has been confirmed dead, believed to be the vessel’s Canadian chef, while four of the missing passengers are British and two are American, according to Italian newspaper la Repubblica.

Superyacht sinks latest: British inspectors deployed to scene

Survivors have been seen at the Di Cristina hospital in Palermo, while the Italian Coastguard said it believes Mr Lynch and the five others missing may still be inside the sunken yacht.

The Palermo Port Authority told Canadian broadcaster CBC News that officials recovered the body of Ricardo Thomas, a Canadian-born man who had been living in Antigua.

The British-flagged yacht, called Bayesian, had 10 crew and 12 passengers on board and sank at about 5am local time off the coast near Palermo.

Salvo Cocina of Sicily’s civil protection agency said: “They were in the wrong place at the wrong time.”

Survivors of the sunken yacht Charlotte Golunski, her husband James Emsilie and their one-year-old daughter Sophie Emsilie leave the Di Cristina hospital in Palermo, Italy, August 20, 2024. REUTERS/Igor Petyx
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Survivors Charlotte Golunski, James Emsley and their one-year-old daughter Sophie Emsley, leave the Di Cristina hospital in Palermo. Pic: Reuters

Jonathan Bloomer, chairman of Morgan Stanley International, and Chris Morvillo, a lawyer at major firm Clifford Chance, and both of their wives are also among the missing.

A spokesperson for Morgan Stanley said they were “deeply shocked and saddened” and added: “Our thoughts are with all those affected, in particular the Bloomer family, as we all wait for further news from this terrible situation.”

UK insurer Hiscox, which Mr Bloomer also chaired, confirmed his wife was also among the missing on Tuesday.

A Clifford Chance spokesperson added its priority was “providing support to the family as well as our colleague Ayla Ronald, who together with her partner, thankfully survived the incident”.

Read more: Who was on board superyacht that sank

Jonathan Bloomer is the chairman of Morgan Stanley Pic: Hiscox/ Linkedin
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Jonathan Bloomer. Pic: Hiscox/ Linkedin

Christopher Morvillo Pic: Clifford Chance handout
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Christopher Morvillo. Pic: Clifford Chance handout

Mr Lynch‘s daughter, Hannah Lynch, also remains unaccounted for but his wife, Angela Bacares, was rescued along with 14 others – including a mother who held her one-year-old baby above the waves.

Charlotte Golunski, 35, told la Repubblica she lost her baby Sofia for “two seconds”, adding: “I held her afloat with all my strength, my arms stretched upwards to keep her from drowning.

“It was all dark. In the water I couldn’t keep my eyes open. I screamed for help but all I could hear around me was the screams of others.”

Charlotte Golunski
Image:
Charlotte Golunski

The baby’s father James Emsley also survived, Salvo Cocina of Sicily’s civil protection agency said. According to her LinkedIn profile, Ms Golunski is a partner at Mr Lynch’s firm, called Invoke Capital.

Mr Lynch, described as the British Bill Gates, was cleared earlier this year of conducting a massive fraud over the sale of software company Autonomy to Hewlett-Packard (HP) in 2011.

Pic: Perini Navi
Image:
Pic: Perini Navi

Eyewitness: Every hour that passes, this rescue mission moves closer to a recovery

In Sicily, they’re searching for survivors.

Fifty meters beneath these now calm waters are the remains of a superyacht, which was carrying 22 people when it was hit by extreme weather.

Relentless rain and wind battered the north coast of Sicily in the early hours of Monday, causing widespread damage on the land, and proving fatal at sea.

Fisherman Fabio was the first to the wreckage and told Sky News: “There were two sailboats half a mile away from the harbour with their anchors at sea.

“After 10 minutes, we saw a flare in the sky. We waited about 10 minutes to see the intensity of the tornado and went out to sea.

“We were first to give rescue, but we found no one at sea. We only found cushions and the remains of the boat.”

The weather was so bad overnight that locals described it as being like nothing they’d ever seen before.

Waterspouts – essentially like tornados on the water – tore into the coastline.

The yacht had been anchored. The sailing mast lights had been twinkling in the night sky. By morning, they were gone.

Authorities haven’t given up on those still lost at sea: Divers have already found one body near the wreckage, and they know with every hour that passes, this rescue mission moves closer to becoming a recovery.

There is also some speculation about the design of the ship, and perhaps what happened to the 75m mast, which was iconic on this particular yacht.

It was said to be the tallest aluminium mast in the world, and people here last night were talking about how they could see it glistening by night.

It’s thought that mast may have got caught up in this rotating column of cloud, these waterspouts that we’ve been talking about, and that may have caused it to break and may have caused the boat to then go on and capsize.

Investigators and inspectors from the UK Marine Accident Investigation Branch are making their way to Palermo today to assist.

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Read more:
What we know so far about superyacht that sank
What we know about disaster off Sicily

Lynch’s co-defendant killed in car accident

His co-defendant in that trial, Stephen Chamberlain, was separately confirmed dead after he was hit by a car on Saturday.

Gary Lincenberg, his lawyer, said in a statement: “Our dear client and friend Steve Chamberlain was fatally struck by a car on Saturday while out running.

“He was a courageous man with unparalleled integrity. We deeply miss him.

“Steve fought successfully to clear his good name at trial earlier this year, and his good name now lives on through his wonderful family.”

Cambridgeshire Police said in a statement on Monday evening that the driver of the car, a 49-year-old woman from Haddenham, remained at the scene and is assisting with enquiries.

Stephen Chamberlain
Pic: Cambridgeshire Police/PA
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Stephen Chamberlain
Pic: Cambridgeshire Police/PA

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‘Freak weather’ may have sunk yacht

Rescuers facing significant challenges

Divers have already made journeys underwater to search for the six missing people, Italian daily Giornale di Sicilia reports, but are facing significant challenges in trying to access the yacht.

Emergency responder Luca Cari told the news outlet the divers “can stay underwater for a maximum of 12 minutes, two of which are needed to go up and down,” meaning “the real time to be able to carry out the search is 10 minutes per dive”.

He added divers had identified a glass window on the Bayesian from which they could enter but said: “The spaces inside the sailing ship are very small and if you encounter an obstacle it is very complicated to move forward, just as it is very difficult to find alternative routes.”

The UK Marine Accident Investigation Branch said four of its inspectors are being deployed to Palermo for a preliminary assessment, while cave divers have joined the ongoing search.

The hull of the ship is resting at a depth of 50 metres.

A spokesman for the Foreign, Commonwealth and Development Office (FCDO) said: “We are in contact with the local authorities following an incident in Sicily, and stand ready to provide consular support to British nationals affected.”

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Reeves’s budget tax rises ‘a pub destroyer’, say landlords

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Reeves's budget tax rises 'a pub destroyer', say landlords

A millionaires’ playground, Poole in Dorset boasts some of the most expensive properties in the UK, and has been called Britain’s Palm Beach.

Away from the yachts and the mansions of Sandbanks, however, Poole is also a beer drinkers’ paradise, with 58 pubs in the parliamentary constituency alone.

But now many of Dorset’s pub landlords have joined a bitter backlash against rises in business rates of up to £30,000 in Rachel Reeves’s November budget.

Across the UK, it is claimed up to 1,000 publicans have even banned Labour MPs from their pubs, after the chancellor axed a 40% rates discount, introduced during COVID, from next April.

The row over the rises, brewing since the budget, came to a head in a clash between Kemi Badenoch and Sir Keir Starmer in the final Prime Minister’s Questions of 2025.

“He gave his word that he would help pubs,” said the Tory leader.

“Yet they face a 15% rise in business rates because of his budget. Will he be honest and admit that his taxes are forcing pubs to close?”

The PM replied that the temporary relief introduced during COVID – a scheme the Conservatives put in place and Labour supported, he said – had come to an end.

“But it was always a temporary scheme coming to an end,” he said.

“We have now put in place a £4bn transitional relief.”

Mark and Michael Ambrose, father and son co-landlords of The Barking Cat, said the increases are a 'pub destroyer'
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Mark and Michael Ambrose, father and son co-landlords of The Barking Cat, said the increases are a ‘pub destroyer’

But in the Barking Cat Ale House in Poole, facing an increase in business rates of nearly £9,000 a year, the father and son co-landlords fear the rises could mean last orders for many pubs.

“We’re sort of in the average area at 157%, but we’ve got a lot of local pubs that are increasing by 600%, and another one by 800%,” Ambrose senior, Mark, told Sky News.

“It’s a pub destroyer. Pubs can’t survive these kinds of increases. It’s not viable. Most pubs are just about scraping by anyway. If you add these massive increases your profit margins are wiped out.

“We struggle as it is. You can’t have that kind of increase and expect businesses to succeed.

“Fortunately, the customers understand. But they still don’t want to have to spend an extra 30 or 50 pence a pint.”

Son Michael added: “It’s all back to front. It’s really these bigger pub companies and supermarkets that need to be facing increased taxes. We can’t handle them. They can.”

Michelle Smith, landlady of the Poole Arms, the oldest pub on the town’s quay, dating back to 1635, said: “Our rates per value is due to go up £9,000 in April, so it’s quite a deal.”

Michelle Smith, landlady of The Poole Arms, said all her prices are going up
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Michelle Smith, landlady of The Poole Arms, said all her prices are going up

“And we had a rates increase just gone as well,” she added. “So our rates had already increased over £1,000 a month last April. So another hit is quite considerable really.

“Prices definitely have to go up with all the different price increases that we’ve got throughout: business rates, wage increases, the beer goes up from the breweries. Everything is going up.”

Backing the publicans, Neil Duncan-Jordan, who became Poole’s first ever Labour MP last year, has written to the chancellor demanding a rethink. He said he is prepared to vote against the tax rise in the Commons.

“They’ve got to listen,” he told Sky News.

“They’ve got to listen to the high street, to publicans, people who run social clubs and listen to problems that they’re facing and the impact that these changes have made.”


Pint price rises to come unless govt make changes

Mr Duncan-Jordan said he was prepared to support an amendment to the Finance Bill, which turns the budget into law and had its second reading in the Commons last week.

Despite being suspended for four months for rebelling against welfare cuts earlier this year, he said: “I was discussing this with some MPs just this morning and I’ll be happy to support those. Sometimes you just have to say what you think is right.”

As chancellor, Ms Reeves has regularly raised a glass to pubs and promised to protect them from rising costs.

But Sir Keir has faced the wrath of a publican before, when he was thrown out of a pub in Bath during COVID by an anti-lockdown landlord.

This time, without a U-turn by the chancellor on the business rates increases, pub landlords fear the government has them over a barrel.

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FTSE-100 events group Informa kicks off hunt for new chairman

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FTSE-100 events group Informa kicks off hunt for new chairman

Informa, the FTSE-100 events group behind the Fort Lauderdale International Boat Show and World of Concrete, is kicking off a search for its next chairman.

Sky News has learnt that Informa, which has a market capitalisation of about £11.3bn, is working with headhunters to find a successor to John Rishton.

City sources said on Monday that Russell Reynolds Associates was handling the search.

A former chief executive of Rolls Royce Group, Mr Rishton joined the Informa board in September 2016 before taking over as chairman nearly five years later.

People close to the process said he was likely to step down in 2027, by which time he will have served for nearly 11 years as a director.

Informa has a large data division, which has been responsible for a significant proportion of its recent growth.

Its assets previously included the historic maritime news and analysis service Lloyd’s List, which claims to be the world’s longest published business newspaper.

Read more from Sky News:
Britons poorer than they were in 2019
Reeves’s spring budget date is revealed

Earlier this year, it emerged that Lord Carter, the company’s chief executive, had moved his residency to Dubai to reflect its rapid growth prospects in the Gulf region.

The launch of a hunt for a new chairman and Lord Carter’s recent relocation makes it increasingly likely that he will extend his current 12-year tenure by at least another two years.

Shares in Informa, which declined to comment on the search for Mr Rishton’s successor, closed on Monday at 885.2p.

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Britons poorer than they were in 2019, as living standards continue to fall

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Britons poorer than they were in 2019, as living standards continue to fall

The average person now has £38 less to spend each month after tax than they did at the end of 2024, following three consecutive quarters of falling UK living standards.

The government made “improving living standards across all every part of the UK” one of their most high profile targets to achieve before the next election.

The previous parliament, between December 2019 and July 2024, was the first in recorded British history to oversee a fall in disposable income in real terms.

But disposable income is now £1 lower per month than it was in summer 2019 after adjusting for inflation, according to Monday’s updated figures from the Office for National Statistics, and more than £20 lower than in December 2019.

Disposable income is the money people have left over after paying taxes and receiving benefits (including pensions).

Essential expenses like rent or mortgage payments, council tax, food and energy bills all need to be paid from disposable income.

Before 2022 there had been only one five-year period where living standards fell. That was between 2008 and 2013, following the financial crisis and austerity policies that followed.

There have been just five other occasions since the 1950s where disposable income fell for three consecutive quarters. Three of those were in the 2010s, with the others during the early 1960s and late 1970s.

The longest sustained fall was five consecutive quarters between December 2015 and March 2017, coinciding with the UK voting to leave the EU.

Simon Pittaway, Senior Economist at living standards think tank the Resolution Foundation, told Sky News:

“Today’s ONS data confirms that Britain’s mini living standards bounce in 2024 is well and truly over. Growth has been poor this year and prospects for 2026 aren’t looking great either.

“Stepping back, Britain’s big problem is that the country experienced three once-in-a-generation economic shocks in less than two decades [the 2008 financial crash, Brexit, and the cost of living crisis/COVID], with people in their mid-late 30s having spent their entire working lives lurching from one national crisis to another.

“We need to avoid further shocks so that we can focus instead on boosting economic growth and lifting living standards.”

Sky News has been tracking the government’s performance against some of their key economic targets, including living standards, inflation and growth.

Despite the now three quarters of decline, living standards are up overall since Labour took office, after rapid growth in their first six months continued the trend of the final few months of the outgoing government.

Inflation has risen however, and Britain is now the fourth-fastest growing G7 country behind the US, Japan and Canada. Use our tool to explore the country’s performance on other important metrics:

Responding to today’s figures, a spokesperson for the prime minister told reporters:

“Living standards dropped last parliament, but we’re working to improve them. Real wages have risen more in the last year than in the first 10 years of the previous government. This budget included help with energy bills, prescription fees, fuel duty and rail fares. It’s expected to help lower inflation next year, inflation fell to 3.2% in November.

“Lower interest rates, six of them so far since the election, will help people and businesses borrow and spend. And we’ve also raised the national living wage, giving full-time low earners £900 more a year, and those on the national minimum wage at £1,500 more a year.

“We are, of course, always seeking to do more on growth, the economy has grown faster than expected this year, and most forecasts have been upgraded.”

Rachel Reeves delivered her second budget in November, including a promise to end the two-child benefit cap and an extension to the tax threshold freeze
Image:
Rachel Reeves delivered her second budget in November, including a promise to end the two-child benefit cap and an extension to the tax threshold freeze

Following the budget in November, anti-poverty think tank the Joseph Rowntree Foundation projected that living standards would fall by £850 a year over the course of this parliament.

They also said that some actions at the budget, for example lifting the two-child benefit cap, would make the decline in living standards “less painful” for low-income households.

Frozen tax thresholds mean that many people will be paying thousands of pounds a year more tax in real terms by the end of this parliament than they do currently, however, including low earners.

Read more:
Budget tax threshold freeze: Use our calculator to see how much more you will pay

Sky News has also been tracking Labour’s performance against their key policy targets, like small boat Channel crossings, housebuilding and renewable energy.

Explore their performance towards those below:

Click here to read more information about why we picked these targets and how we’re measuring them.


The Data and Forensics team is a multi-skilled unit dedicated to providing transparent journalism from Sky News. We gather, analyse and visualise data to tell data-driven stories. We combine traditional reporting skills with advanced analysis of satellite images, social media and other open source information. Through multimedia storytelling we aim to better explain the world while also showing how our journalism is done.

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