Image source, Getty Images

Paul Hardy, Brexit director at law firm DLA Piper, says the result will pose significant challenges for business.

"Businesses may find it even more difficult to make big decisions on jobs and investment, given this result's implications for Brexit negotiations, as well as on coherent policy making at home."

But Simon French, chief economist at investment bank Panmure Gordon, says:

Today Programme
BBC Radio 4

Conservative MP John Redwood told Andrew Neil what he thought went wrong for his party - but then the pair clashed over exactly what had happened yesterday.

This was interrupted by an incredulous Neil, saying: "No, they didn't!"

As Redwood sought to continue, Neil added: "Can we just get it clear - the British people did not vote for a Conservative government."

There's still no result in Kensington, west London, after two recounts.

The Conservatives say they'll keep calling for recounts until they are denied any more, rather than concede, the BBC understands.

As such, there's going to be a third recount, which is either going to take place this afternoon or tomorrow, so everyone's been sent home for now.

They need to find replacement staff for the count - and may even need another venue. The overnight count was at Kensington Town Hall.

Image source, Reuters

The FTSE 100 share index has opened higher than expected, climbing more than 1% to 7,528.32.

But the FTSE 250 - which is made up of smaller businesses - has dropped almost 0.5% to 19,649.95.

Labour leader Jeremy Corbyn has arrived at his party's HQ in central London.

As the BBC's Huw Edwards said, there's a sense this is a "personal victory for his campaign".

Inside the building, they are singing: "Oh, Jeremy Corbyn" - to the tune of Seven Nation Army.

Here's a reminder of what that sounds like, for those wanting to imagine the scenes at Labour HQ.

Zac Goldsmith has won the Richmond Park seat from Liberal Democrat Sarah Olney by a majority of 45 votes.

BBC Radio Derby's political reporter Chris Doidge tweets, external that the result from High Peak - which Labour gained from the Conservatives - is "a bit baffling".

"Conservatives won 6 of 8 county council seats there a month ago...

The boss of luxury carmaker Aston Martin wants politicians to get their acts together quickly to form a government. Chief executive Andy Palmer says: "We cannot stress strongly enough the need for rapid and decisive policy direction to ensure that business can continue to invest for the long-term growth and ensure the global competitiveness of the British economy.

James Landale
Deputy political editor

Image source, Reuters

Britain's exit from the European Union has been plunged into uncertainty.

Whatever the final election result, Theresa May has not secured the clear mandate that she sought for her version of a hard Brexit.

When she called the election, she declared: "Every vote for the Conservatives will make me stronger when I negotiate for Britain with the prime ministers, presidents and chancellors of the European Union."

Well, she is not stronger.

She has fewer seats than she started with.

As a result, it will now be hard for the government - whatever shape that government will be - to start talking to the EU in nine days time as planned without rethinking its strategy.

Read more.

The BBC's political editor Laura Kuenssberg has described the result of the general election as a "total political disaster for Theresa May" and a "huge success for Jeremy Corbyn".

Theresa May and the Conservatives have failed to win a majority in the general election - is it because 18 to 24-year-olds turned up to the polls?

This has not been a good night for polling - but it is important that pollsters succeed, says David Cowling.

Bitter recriminations will now begin for the Conservative party, says BBC Wales political editor Nick Servini.

If the Conservatives try to run the country as a minority government, seeking to pass bills on a vote-by-vote basis, and are able to get a Queen's Speech and Budget through the house, then the support of pro-Brexit Labour MPs could prove crucial on EU-related matters. BBC analysis shows at least nine who were re-elected backed Leave and there could be others among the 2017 intake.

Today Programme
BBC Radio 4

Image source, Getty Images

Martin Gilbert, boss of investment firm Aberdeen Asset Management, says that markets may view the vote as a move away from a hard Brexit, which had threatened to damage the City "more than most".

"The City will be hoping for a softer tone and possibly a softer tone from Europe now that the negotiators don't have a mandate to negotiate a hard Brexit."

Jeremy Corbyn has just left his house in Islington, north London, getting into his car with a smile and a "hello everyone" to bystanders, before driving off.

As Zac Goldsmith retakes Richmond Park, he thanks the returning officer and counters for their "extraordinarily hard work", after two recounts.

He says he's grateful to his constituents for putting their trust in him again.

"I hope they know I will never let them down," he adds.

"We have challenges, but we have so many opportunities."