A body, believed to be that of the vessel's chef, has been found and 15 people including Mr Lynch's wife were rescued, according to local media. Four of the missing passengers are British and two are American, Italian news website la Reppublica stated. The superyacht, named Bayesian, capsized at about 5am off Palermo and was flying a British flag, according to ship-tracking site Marine Traffic.

The body was found near the wreck at a depth of 50m (164ft), fire and rescue services said. A spokesperson for Mr Lynch said there was no comment. Mr Lynch, who founded software giant Autonomy in 1996, was born in Essex and.

.. Jessica Day-Parker.