Update 6.30pm: Of the three survivors, one is in critical condition and has been flown to Candelaria hospital. The other two have been transferred by ambulance to Hospiten Sur.
Update 6pm: The yacht was called Lorreine, and belonged to 70-year-old Belgian Ben Louis Braekewelt, who had lived in Adeje for several years. First indications are that he had sailed from Puerto Colon with three others aboard and had been surprised by bad weather. The craft sank almost immediately after it was holed shortly before 2.30 this afternoon. The three survivors are in a state of shock, some unable to speak. Aemet says that it had activated a yellow alert for rough seas today.
Original post 5.30pm: Details are sketchy right now but it seems that a man has died and another three to four people are injured after a pleasure craft collided with a rock this afternoon on the Los Gigantes coast. It seems that the boat had come from Puerto Colon and was swept onto rocks further up the coast. People had to be picked up from the water as the craft disintegrated. A couple of helicopters, various ambulances, police and medics were involved in the incident. More information as soon as possible.