Boris Johnson wins first ballot by MPs, getting 114 votes
Three contenders - Esther McVey, Andrea Leadsom and Mark Harper - eliminated
Jeremy Hunt comes second, followed by Michael Gove, Dominic Raab, Sajid Javid, Matt Hancock and Rory Stewart
The seven remaining candidates go through to more votes next week
The MP now takes questions from the media. The first one concerns Mr Stewart's chances with the Conservative Party membership.
In reply, he goes on the attack against the contest frontrunner, Boris Johnson, asking whether he's "the man you want with his finger on the nuclear button".
"I trust the Conservative members to arrive at the correct answer," he replies.
Rory Stewart concludes his speech by promising to be a leader who listens.
He pledges to walk through every county in the country if he becomes prime minister, "listening and walking, listening and walking" to ordinary people.
And with that he ends his speech and begins taking questions.
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Rory Stewart says he wants every civil servant to have the question above their desk: "Would you be proud to put your mother, brother, or yourself, in this school, hospital or prison?"
Going on, he sets out plans to do more on prisons - his previous brief in government - to invite prison governors to his house to spend time "talking and walking" and coming up with ways to make things better - particularly to reduce violence.
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Conservative MP Nicolas Soames is enjoying the launch but SNP MP Pete Wishart is less enthused.
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Continuing, Rory Stewart says "changing the world" requires being true to "what the world is".
He says he does not believe in "promising what we cannot deliver" - and criticises some of the tax and spend pledges made in the race so far.
What is lacking in politics at the moment, he says is the "energy of shame" - the shame that drives change.
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Image source, UK poolRory Stewart kicks off his speech by recalling all the places he has visited on his campaign so far - saying that what he has heard "again and again" is a cry for "leadership".
He says the country is at a "crossroads" - facing a choice between a "fairy story" and a route of "prudence and realism".
He says other candidates have "failed to grasp reality".
As his rival Rory Stewart begins his launch, back in the backbench 1922 Committee hustings, Home Secretary Sajid Javid tells MPs: "We're the fifth largest economy in the world - we can't have Brexit in name only, we cannot become rule takers.
"It's not just about getting the message right, it's about getting the messenger right too."
As Rory Stewart's launch begins, our correspondent spots a range of people in the audience.
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Vicki Young
Chief Political Correspondent
Rory Stewart has achieved some cut-through to the general public with his campaign, but not necessarily with Conservative voters.
The problem for Mr Stewart is the first hurdle of the contest involves getting the backing of Conservative MPs.
Some feel he should have spent a little more time talking to them, but he has certainly shown something different in his campaign.
Image source, UK poolThis is the scene at the moment at the launch event for International Development Secretary Rory Stewart, which will begin shortly.
We're expecting him around 17.30 BST - stay tuned for all the latest.
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Image source, PAIt is now Mark Harper's turn at the hustings.
He repeats his message that delivering Brexit on 31 October is not realistic.
"I think promising it and failing to do so would put rocket boosters under Nigel Farage and the Brexit Party, whereas what I want to do is destroy The Brexit Party," he tells his fellow MPs.
Conservative MP Oliver Letwin is a backer of the Labour motion attempting to stop a no-deal Brexit. He's also a backer of Michael Gove - a committed Brexiteer - for Tory leader.
As the Telegraph's deputy political editor points out, that's a tricky conflict for Mr Gove...
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