Merkel urges speedy Brexit talks after UK vote

"The British have spoken, they have voted, and have given the Conservative party a majority, albeit a simple majority, which is something of a surprise", Prime Minister Edouard Philippe said on France's Europe 1 radio station.

"We don't know when Brexit talks start.

Britain is part of Europe, even if it will no longer be part of the European Union". Now that it has made a decision to jump ship, it seems it can't get its act together to actually leave. She then called a snap election hoping for a big majority to strengthen her negotiating hand. She instead not only failed to build up her position but lost the majority altogether.

May Friday insisted that she would stick to the Brexit timetable.

Having called the snap election in order to obtain a greater mandate to push through a tougher deal with the European Union on departing the bloc, May now faces the prospect of having a majority of just a single seat in the new parliament as a result of a deal struck with Northern Ireland's Democratic Unionist Party.

European politicians might be taking a bit less guilty pleasure than you'd expect in Brussels and other European capitals on Friday after British Prime Minister Theresa May's humiliating electoral miscalculation. Heavyweight miners BHP, Rio Tinto and Glencore all rose more than 1 percent.Elsewhere price action was driven by broker moves.Analyst at Citi and Denmark's Jyske Bank both cut their rating on Philips Lighting to sell, sending shares in the world's largest light maker down 1.6 percent.French electrical parts distributor Rexel fell 3.1 percent after a two-notch downgrade to sell at Kepler, while shares Dutch builder Heijmans rose 4.7 percent after an upgrade to buy from the same broker.Back in the United Kingdom, utilities including Centrica, National Grid and SSE all rose as prospects of a hung parliament diluted risks of harsher regulation - the Conservatives and Labour party have both proposed tariff caps.Stocks linked to the British housebuilding industry were the biggest STOXX fallers.Builders merchant Travis Perkins fell 4.1, Howden Joinery dropped 4 percent and commercial REIT Great Portland Estates fell 2.2 percent.

The European Parliament's Brexit co-ordinator, Guy Verhofstadt, said: "Yet another own goal, after Cameron now May, will make already complex negotiations even more complicated". Bohuslav Sobotka said that too much time had already been wasted. "I don't think that things now have become easier but we are ready". "We should clearly come to terms with the British to start as quickly as possible".

May, who became prime minister after Britain's June 2016 referendum on leaving the European Union, called the election three years early in a bid to strengthen her hand in the looming Brexit negotiations.

The comment suggests Mr Barnier is ready to delay the opening of official negotiations, which were expected to begin on June 19 in Brussels.

France and Finland have also talked about uncertainties and complexities surrounding the negotiations. The risk of having no deal worries some in Britain, particularly businesses.

Donald Tusk said the two sides had no time to lose on the withdrawal negotiations under Article 50 of the Lisbon Treaty. "I am fully committed to maintaining regular and close contact at our level to facilitate the work of our negotiators".

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