you can see more on this on the bbc news channel. you can follow the results of tonight's final ballot in this conservative leadership contest i will be on this week tonight with michael portillo, alanjohnson, wes streeting, richard madeley and henning wehn from 11:35pm. jo will be here tomorrow. goodbye.

hello again. you're watching bbc news. as we've been hearing in the past half hour, the number of candidates vying to be the next prime minister has been reduced to three. sajid javid was eliminated from the tory leadership race

as borisjohnson again topped the ballot of conservative mps. this is the moment the result was announced. on behalf of that 1922 committee, charles walker and i can now declare the results of the fourth ballot. the total of number of votes cast in today's ballad were 319. the total number of spoilt ballot papers was two. laughter. we have spoiled a perfect record. the total votes to each candidate in alphabetical order were as follows. michael gove, 61. jeremy hunt, 59.

sajid javid, 34. borisjohnson, 157. the following candidates are now eligible to continue on to the next ballot, which will take place this afternoon at 3:30pm in committee room 1a. michael gove, jeremy hunt and boris johnson. thank you very much indeed. that was the result of the latest round announced shortly after 1pm. a fifth round of voting will take place this afternoon to select the final two candidates. they will be voted on by the wider tory membership. let's cross to the houses of parliament and our chief political correspondent, vicki young. i suppose this has always been about who willjoin borisjohnson in that

final two and it's very close. a huge battle for second place and as most of us thought it would be, that battle is between michael gove and jeremy hunt, sajid javid dropping out today and his team say he will not endorse anyone else at this point today although he will vote in the next round. i'm joined by greg hand, a jeremy hunt supporter, he has dropped to third place although only by two, what is the prospect for him to be the challenger? jeremy has finished in second place for three of the four ballot so far, there are only two votes in it and there are only two votes in it and there is still the votes from sajid javid who fought an excellent campaign, so 33 votes from him and to spoiled ballot papers so it could be all to play for. the two votes currently in it are very small compared to the amount of votes are

available. why do you think it should bejeremy available. why do you think it should be jeremy hunt? available. why do you think it should bejeremy hunt? a source close to him said we have the psychodrama of michael gove against borisjohnson psychodrama of michael gove against boris johnson and it psychodrama of michael gove against borisjohnson and it wouldn't be good for the party to have the two of them contesting that final round. jeremy hunt gives the party the widest choice, he is a proven campaigner, he would be the first prime minister in a long time who has won a marginal seat and he is a prove n has won a marginal seat and he is a proven negotiator. i did the 2015 spending review with all these characters and jeremy hunt was easily the best negotiator around the cabinet table. that is also important because we are electing a prime minister to negotiate brexit and also a conservative party leader to win the next general election and jeremy hunt is best placed to do both. isn't a problem that if you

give the grass top choice between jeremy hunt he was seen as a remainer and boris johnson, jeremy hunt he was seen as a remainer and borisjohnson, he has no chance because the tory party wa nt no chance because the tory party want somebody who backs brexit?” disagree, i have members in my local association and i was at an event la st association and i was at an event last night and the majority were favouring jeremy hunt because they see him as someone who can get a deal in brussels and that is important for the party and the country and our economy, the ability to negotiate a better deal, bring it back, get it through the house of commons, keep the whole party on board and that's why you need a unity candidate, you need to get the dup on board, to get out new deal through and that is where jeremy is best placed. some people have said he isn't running an inspired enough campaign and the others are more optimistic about brexit, and they

convey that more to the party.|j disagree, i have knownjeremy for 30 years, his business is actually in my queue to truancy and there is an inspiring story of someone who sets up inspiring story of someone who sets up there own business successfully and can deliver jobs, up there own business successfully and can deliverjobs, negotiate well, all these things that jeremy hunt would bring to the table, i think everyone agrees he has performed the best in the hustings and in the tv debates, he deserves to be in the last two to take on borisjohnson. to be in the last two to take on boris johnson. whoever wins this, bringing the party back together will be a massive challenge, do you think it can be done with brexit still hanging over us?|j think it can be done with brexit still hanging over us? i think so and it needs to beat because the threat of a jeremy corbyn led labour party will focus the minds amongst conservative mps can the real

opponent is not whoever your favoured candidate is today, your real opponent as the labour party and the threat of a jeremy corbyn leader party damaging the country and that is where jeremy hunt would come on, he is the man who can bring the whole party together behind a brexit position to win a future general election. greg hands, thank you. the next and final round, u nless you. the next and final round, unless there is a draw, will take place in the next couple of hours. thank you, vicki young. let's look at some of the reaction to the vote. michael gove has tweeted saying delighted to have come second, all to play for in the final ballot. i look forward to having a civilised debate of ideas about our future.

that was michael gove. we also heard from borisjohnson, delighted to have the support of over half of all conservative mps in the fourth ballot. i am grateful but we have more work to do. we have also heard from our own political editor, laura kuenssberg, saying a source in the jeremy hunt camp, both boris and michael are great candidates but we have seen their personal psychodrama before and it's time to offer someone before and it's time to offer someone the eu will actually talk to. speaking of the eu, the 28 eu heads of government are meeting in brussels today to thrash out the future shape of europe after the recent parliamentary elections. brexit has only been alloted a five minute discussion tomorrow morning. though the dutch prime minister, mark rutte, has told katya adler the bbc‘s europe editor that leaving the eu will leave the uk a diminished player

on the world stage. when the new prime minister comes in and asks for an extension, we have to learn about his plan, in terms of new elections, a new referendum, making changes to any red lines the uk currently holds. if nothing is happening, if it means after the 31st of october again, can we make changes, no, we can't, because you want to change the red lines, there is no point in an extension. so you'd be prepared to have a no—deal brexit in october? no, i hate it. i hate brexit from every angle. i have to work on the assumption brexit will take place, and we have to avoid a hard brexit, so we have to work towards a negotiated brexit, and i hope it's possible by the end of october. again, with brexit, be it hard or not, the impact on the uk economy, society, everything, is huge. it's so much bigger

than so many people anticipate. that is my worry about the uk. i am so saddened you are doing this, because this impact is huge, and many people are underestimating it. you will have a diminished role on the world stage, your economy will suffer and it will have a huge impact on society. the populist eurosceptic threat for those who believe in the eu hasn't gone away, has it? it's something you deal with here, that you've recently faced in your general election. how does the eu navigate its way through? we are in a period of new politics. the paradox is this. i had this discussion many times with david cameron. the direction the uk wanted the eu to take, we took, so from, let's say, 2012, 2013 onwards, the idea of an ever closer union, the unavoidability of history, this unavoidable march to a european superstate is all gone.

nobody in a senior position in the eu is pleading for that now. the dutch prime minister talking to katia adler. a look at our latest headlines. sajid javid has been eliminated from the race to be the next leader of the race to be the next leader of the conservative party and the next prime minister. by the end of today we will note who were the final candidates to face that tory party membership. eu leaders are gathering in brussels were to may is attending herfinal eu in brussels were to may is attending her final eu summit in brussels were to may is attending herfinal eu summit as prime minister. john worboys, the black cab rapist who was almost freed from jail, pleads guilty to attacks on four more women. good afternoon. the business news 110w.

good afternoon. the business news now. carphone warehouse profits down. it's the second profits warning since alex baldockjoined the company as chief executive just over a year ago. may saw the biggest drop in british retail sales this year. cold weather is to blame with shoppers putting off buying summer clothes. sales in department stores were particularly weak. but to put it in context the sector has not grown since september of last year. as expected, uk interest rates have been held at 0.75%. all nine members of of the bank of england's monetary policy committee voted to keep them unchanged. slack‘s public debut is happening thursday on the new york stock exchange and the company has set a reference price of $26 per share for its direct listing, according to wsj, which would value the company

at around £12.3 billion. that flotation does not have underwriters, who pick up all the unsold shares if there are any. but what does slack do? it runs a communications app around the workplace, creating a single place for messaging, tools and files to help people collaborate. if you use it you know what it is, if you don't it you know what it is, if you don't it may be difficult to understand. shona ghosh is senior tech reporter at business insider. slack pitches itself as a tool to allow people to talk to each other, allowing us and uk colleagues to talk to each other without clogging up talk to each other without clogging up there e—mail inbox, it's like an insta nt up there e—mail inbox, it's like an instant messaging app but for business. when you work floating a

company like this you want to tell investors this will grow like topsy, but is it? all the signs seem positive, revenue growth is slowing down slightly but we are relying on that forecasts rather than actual profits, it may be able to tell investors it's too difficult once we are inside an organisation to get us out once our culture has built up around us, like microsoft windows, it's difficult for an organisation to move away from art software so we will be here for years to come. so its promising permanency rather than growth. what are the profits? another internet company that doesn't make money? it's one of a fleet of companies that has gone public in the us and doesn't make money, but growth is part of the

promise. do you have an estimate about when it will make profit? they said in theirfilings about when it will make profit? they said in their filings they expect to grow losses for the immediate future. i cannot get my head around this, there are so few of these companies think we will make profits because you buy a share on the hope of growth but also expecting at some point it will have a dividend from a profit. it's hard to justify especially when you have companies that went public a month ago saying they may never be profitable and you ask what is the point, but also these companies operate at a huge scale and rely on the fact that companies that come before them like facebook and google did become profitable in time but it is a risk that not everyone understands, there isn't a clear path to profitability and you are going on five. thank you for talking to us.

a quick round up for you of other business news: the young are spending less and the old are spending more. britain's biggest bathroom specialist is facing a financial crunch. an advisory firm has been lined up to handle a potential administration at bathstore after the business failed to find a buyer. it is understood that the group's owner is unwilling to put in more cash to save the business ahead of this month's rent day. the bank of england said it expects growth to be flat at the end of this year. it had previously predicted growth of 0.2% over this period and has not taken that down to zero. the

ftse is up a little bit, dixons carphone warehouse having problems with the market, it is 8%, a bad fall, oil price is up because of tensions between the us and iran over the shooting down of that drone, the pound down a little bit today. jamie, thank you. young people are spending less on their social life than people of the same age did ten years ago, according to the resolution foundation. there is some good news for younger people as they have seen the biggest salary rises since the financial crisis in 2008. colletta

smith reports. the resolution foundation has taken a look in the wallets of different age groups in what they are calling an intergenerational audit. different generations are always going to face different financial circumstances but as lots of us have noticed, in recent years, those gaps between generations have become more pronounced. and the younger generation in particular are facing spending has fallen by 7% for those under 30 since the millennium. at the same time, spending by pensioners has increased by 37%. it all goes and i have to work out where it has all gone at the end of the month because it goes quickly. but in recent years, wages have been growing faster for those in their 20s than those in their early 30s. certainly amongst my peers in the profession i worked in, the increments in salary was relatively slow and now the new entrants have seen a higher starting point. housing costs are putting

increasing pressure on living standards for all generations with more families now in rented accommodation. budgets are stretched with things going up, the insurance is going up, like car insurance and various bills going up. a gender divide opens up for the over 50s with women in their late 60s having around half the wealth of their male counterparts. they do have to have a pension now, don't they, the younger people? they do have to join a works pension. so maybe they will be in a better position. than we were. the resolution foundation says their goal is not to turn generations against each other. looking at these differences and the gaps within generations as well helps us understand how to get living standards moving in britain again. coletta smith, bbc news. smoothing those generational gaps is becoming one of the trickiest problems in our economy. simon mccoy

is waiting in the wings, we will bring you more at tpm but now let's get a look at the weather forecast with chris fox. to date a day of sunshine and showers but a modest improvement yesterday, some sunshine to go around so skies look more like these. we have showers on the radar that will be frequent across scotla nd that will be frequent across scotland and northern ireland and then this line of showers pushes east, the risk of showers increases across the midlands, central and southern england but there will be fewer showers across north—west england, the west midlands and wales, showers continue across scotla nd wales, showers continue across scotland and northern ireland. it will feel warm in the sunshine, less humid than yesterday. overnight

tonight it will become drier overnight with clear skies, temperatures 7—10d. something we have not seen all summer, an area of high pressure, we haven't had one of these for all ofjune and that brings a big change in weather, for many of us it will be dry with increasing sunshine. on friday for northern ireland, england and wales, showers few and far between, for most it will be a fine day, fine weather for much of scotland all doubt some showers will come and go for northern areas. for the start of the weekend, promising weather, for most of the uk a dry start to the weekend, some of the sunshine and hazy at times and there could be some thicker cloud into western scotla nd some thicker cloud into western scotland but otherwise a dry one, temperatures 17 in newcastle, 21 in cardiff and for the second half of

the weekend, high pressure is still there but low pressure will move in from the atlantic bringing heavy rain. for northern ireland the best weather will be in the morning, it turned cloudy later, some rain getting into western areas of wales and england, turning warmer, 21 degrees in edinburgh, highs of 2a or so degrees in edinburgh, highs of 2a or so in london and the risk of heavy downpours late sunday and into monday. we could see some localised surface water flooding.

hello, you're watching afternoon live. i'm simon mccoy. today at two: exit the saj — sajid javid is eliminated from the tory leadership race. michael gove overtakes jeremy hunt for second place. borisjohnson again tops the poll with a big lead. the following candidates are eligible to continue to the next ballot which will take place at 3:30pm in committee room 1a. michael gove, jeremy hunt and borisjohnson. borisjohnson tweeted moments after the announcement that he was delighted to have the support of over half of all conservative mps but there was much more work to do. a royal split — prince harry and meghan leave the royal foundation — the charity he set up as a joint venture with the duke and duchess