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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
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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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Post Office scandal: At least eight convictions linked to Capture software being investigated as possible miscarriages of justice

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Post Office scandal: At least 8 convictions may be linked to second IT system used by Post Office

At least eight convictions predating the Horizon Post Office scandal are being looked at by the body investigating potential miscarriages of justice, Sky News has learned.

The Criminal Cases Review Commission (CCRC) has confirmed it is examining multiple cases of former sub-postmasters affected by Capture software.

The computer accounting system was used in the early 1990s, prior to Horizon being introduced to Post Office branches from 1999 onwards.

Horizon was at the centre of the Post Office scandal and saw hundreds of sub-postmasters wrongly convicted of stealing from their branches.

The Kroll report, commissioned by the government earlier this year, found that Capture had bugs and glitches and there was a reasonable likelihood it had caused cash shortfalls too.

Lord Beamish, the former Labour MP Kevan Jones, has been supporting victims and is calling for the government to extend current legislation to automatically quash convictions.

The Post Office (Horizon System) Offences Act was passed in May but does not include Capture victims.

Lord Beamish told Sky News he has raised the issue with the justice secretary and called for a House of Lords debate.

“The government are going to have to take this seriously,” he said. “We can’t have a situation where we have a two-tier system where people get exonerated from Horizon and the Capture cases are either forgotten or have to go through a very lengthy legal process to get their names cleared.”

Chris Roberts whose mother Liz Roberts who was convicted in 1999 of stealing £46,000 from the Post Office and spent 13 months behind bars. Her conviction relates to the use of Post Office Capture software (precursor to Horizon) which is being investigated in connection with potential miscarriages of justice
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Chris claims his mother was wrongly jailed because of accounting problems with the Post Office software Capture

He added he had “little faith” in the CCRC’s “ability to deal with cases”, after multiple Horizon cases were referred to the body years ago.

“The problem with these cases is the lack of evidence… that has been destroyed or lost – so actually proving some of these cases through that process will be very difficult.

“Therefore I think a blanket exoneration like we had with Horizon I think has got to be discussed and considered for these cases.”

The CCRC told Sky News it has five cases under review “in which the Capture IT system could be a factor”.

It also said it is “seeking further information” on eight cases referenced in the Kroll report.

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The CCRC added that the time taken for a case review to be completed was dependent on the “complexity” of each case “and how readily available information about it is”. In a statement, it admitted: “The availability of information can be a particular hurdle in older cases.”

Chris Roberts and his mother Liz Roberts who was convicted in 1999 of stealing £46,000 from the Post Office and spent 13 months behind bars. Liz was in the advanced stages of Alzheimer’s disease and died in 2024. Her conviction relates to the use of Post Office Capture software (precursor to Horizon) which is being investigated in connection with potential miscarriages of justice
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Chris’s mother died earlier this year following a battle with Alzheimer’s and never got to clear her name

Chris Roberts’s mother, Liz Roberts, was convicted in 1999 of stealing £46,000 from the Post Office and spent 13 months behind bars.

Liz, who was in the advanced stages of Alzheimer’s disease, passed away earlier this year.

Chris said she was jailed four days before he turned 17, and he used to have “nightmares” that she was “going to die in there”.

“There was no evidence of any financial gain because they went through everything. And obviously the money wasn’t in our accounts because it didn’t exist,” he added.

Despite being offered “three deals” by the Post Office to plead guilty, Liz refused and was sent to prison.

Liz Roberts who was convicted in 1999 of stealing £46,000 from the Post Office and spent 13 months behind bars. Liz was in the advanced stages of Alzheimer’s disease and died in 2024. Her conviction relates to the use of Post Office Capture software (precursor to Horizon) which is being investigated in connection with potential miscarriages of justice
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Liz Roberts during happier times before she was jailed for theft – her son insists she was innocent

Chris believes that the 2019 High Court win by Horizon victims was a missed opportunity for the Post Office to look back at Capture cases.

“It would have been worth something then because my mum would have died knowing that everybody else knew she was innocent,” he said.

“My dad would have died knowing that the love of his life wasn’t vilified as a criminal.”

Chris wants his mother exonerated and “those actively responsible” to “stand up in court… and justify themselves”.

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Sky’s Adele Robinson examines Britain’s biggest miscarriages of justice

A Department for Business and Trade spokesperson said: “We were horrified to learn about the issues with the Capture system and are working closely across government to thoroughly examine Kroll’s independent report and consider what action should be taken.

“We continue to listen to postmasters and others who have been sharing their views on the report’s findings since its publication last month.”

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‘Millions remain trapped’: Leaseholders still ‘cash cows’ despite update on abolishing ‘feudal’ system

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'Millions remain trapped': Leaseholders still 'cash cows' despite update on abolishing 'feudal' system

Long-awaited legislation to abolish England’s “feudal” leasehold property system will be published in the second half of next year, the government has confirmed in a major update for the millions of people affected.

In a Written Ministerial Statement (WMS), housing minister Matthew Pennycook gave the first details of how quickly Labour intend to axe the controversial form of homeownership, as promised in their manifesto.

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The minister said there will be a consultation and white paper early next year to get the plan in motion, with the aim to make commonhold “the default tenure” by the end of parliament in 2029.

The news has drawn a mixed reaction from those caught up in the system, with some hailing an end in sight and others saying it is too little too late.

What is leasehold?

Leasehold is a centuries-old form of tenure that is unique to England and Wales. People who buy their home with a lease buy the right to live there for a given number of years but don’t own the land itself, regardless of whether it is a house, or a flat in a building.

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That is the preserve of the freeholder, who can charge expensive ground rents simply for owning the land, as well as service charges for the maintenance and insurance of the properties.

There have long been concerns around leaseholders being exploited, especially by unregulated managing agents who are typically contracted to oversee the day-to-day running of buildings and can charge large fees on any works they arrange.

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Michael Gove in 2023: Leasehold ‘unfair form of property ownership’.

Criticism intensified after the building safety scandal that emerged post-Grenfell with many homeowners facing crippling bills for remediation, leaving them stuck in worthless properties they cannot sell.

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‘I see no way out’

That’s the case for leaseholder Peter Batt, who has not been able to live in his “once lovely” flat in Kent for the past nine months because the roof of the building has “completely failed and is disintegrating”.

This has caused damp, black mould and leaks so severe his neighbour’s ceiling below him has collapsed

The problems were raised to the building’s managing agents in February but no remediation has occurred.

Hole in the roof at Priory Courtyard
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Hole in the roof at Mr Batt’s building

Hole in the ceiling due to leaks
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Hole in the ceiling due to leaks

Black mould on Mr Batt's bathroom wall
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Black mould on Mr Batt’s bathroom wall

Last week he was told he’d need to cough up £18,000 for his share of the works before any repairs can go ahead – money the 60-year-old doesn’t have.

“I genuinely see no way out unless I win the lottery, it’s been an utter nightmare”, he told Sky News.

Mr Batt and his neighbours want a temporary tin hat cover to be prioritised, given this was recommended by surveyors back in April to stop the situation deteriorating – which they say it now has.

Broken ceiling in Priory Courtyard
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Broken ceiling in Mr Batt’s neighbour’s flat

Ceiling hole
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Ceiling hole


Peter Batt, 60
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Peter Batt, 60

But they have “no say over this despite shouldering all the costs”, Mr Batt added.

“The government need to look at root-and-branch reform because, in my experience, all the parties currently charged with maintaining building such as my own are incentivised almost solely around maintaining their revenue stream.

“Under the current system, no one is on the leaseholders’ side and that has to change.”

‘Death knell of leasehold’

In his WMS, Mr Pennycook said the government will introduce a “comprehensive new legal framework” on commonhold, including banning the sale of leasehold flats and converting existing leasehold tenures to the new model.

Proponents of commonhold say it would drive up safety standards, as it would give flat owners more control of the maintenance of a building while removing the cash incentive for developers to build homes on the cheap – knowing leaseholders can pick up the costs.

Housing minister Matthew Pennycook
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Housing minister Matthew Pennycook

Sebastian O’Kelly, of the Leasehold Knowledge Partnership, welcomed today’s announcement as the “death knell of leasehold”.

He advised people not to buy leasehold properties as “the market will force pace on this”, pointing out that some developers have recently come out in support of commonhold while others “whose reputations have been shredded by the Grenfell findings will follow”.

He told Sky News: “With this momentum the reforms to improve the blighted lives of existing leaseholders will be eased. Government may think this process will be slow, but house builders will know that the leasehold game they have played so assiduously is busted.”

Delay in implementing Tories’ ‘half-baked’ reforms

But there was a more muted response from the National Leasehold Campaign, which has spent six years trying to dismantle the system.

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‘Exorbitant’ ground rents for ‘no service’

As well as announcing a roadmap for abolishing leasehold, Mr Pennycook set out a timeline for implementing reforms in the Tories’ Leasehold and Freehold Reform Act (LFRA), which just about made wash-up when Rishi Sunak called the July election, after being watered down by then housing secretary Michael Gove.

The LFRA promised to abolish leaseholds on new houses but not new flats, which make up 70% of the estimated 5 million leasehold properties in England.

It also aimed to give leaseholders more rights and protections, but Mr Pennycook said the act was “half baked” so there would be delays in implementing some of its measures.

Crucially, that includes rules around new valuations, which will be consulted on next summer, he said.

‘Endless cash cow continues’

The NLC called this “very disappointing” as the mechanism was designed to make it quicker and cheaper for people to buy their freehold or extend their lease “enabling them to sell their properties and move on with their lives”.

The National Leasehold Campaign wants to see the system abolished
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The National Leasehold Campaign wants to see the system abolished

“Our main concern now is the fate of existing leaseholders who are currently suffering at the mercy of unregulated managing agents and unscrupulous freeholders,” it added.

“The government’s published intention to ‘act as quickly as possible’ will not be quick enough and we are already seeing the despair from some NLC members who are facing bankruptcy due to escalating service charges.

“Since 2018, leaseholders have heard time and time again from former government ministers that they will end the abuses but in reality nothing has changed for existing leaseholders. Using our homes as an endless cash cow continues and millions remain trapped.”

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Sign of slowing economy as budget and weather meant surprise fall in retail sales

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Sign of slowing economy as budget and weather meant surprise fall in retail sales

Budget fears and unseasonably warm weather meant consumers spent far less than expected last month, according to official figures.

In a sign of a slowing economy, retail sales fell a sharp 0.7%, the Office for National Statistics (ONS) said.

A drop of 0.3% was forecasted by economists polled by the Reuters news agency.

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The main fall off in buying was in clothing stores, which fell by 3.1% over the month as October temperatures remained high. Retailers across the board, however, reported consumers held back on spending ahead of the budget, the ONS added.

Just a month earlier, in September, spending rose 0.1%. Despite the October fall, the ONS pointed out that the trend is for sales increases on a yearly and three-monthly basis and for them to be lower than before the COVID-19 pandemic.

Retail sales figures are significant as household consumption measured by the data is the largest expenditure across the UK economy.

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The data can also help track how consumers feel about their financial position and the economy more broadly.

Rebounding already

Also released on Friday was news of a rise in consumer confidence in the weeks following the budget and the US election.

Market research company GfK’s long-running consumer confidence index “jumped” in November, the company said as people intended to make Black Friday purchases.

It noted that inflation has yet to be tamed with people still feeling acute cost-of-living pressures.

It will take time for the UK’s new government to deliver on its promise of change, it added.

A quirk in the figures

Economic research firm Pantheon Macro said the dates included in the ONS’s retail sales figures could have distorted the headline figure.

The half-term break, during which spending typically increases, was excluded from the monthly statistics as the cut-off point was 26 October. Typically midterm is included in the data.

With cold weather gripping the UK this week clothing sales are likely to rise as delayed clothing purchases are bought, it added.

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