* FTSE 100 rises 0.2%, FTSE 250 climbs 1%
* BP reports Q2 profit more than doubles to $5.73 billion
* Metal miners rally as copper prices touch two-month highs
(Updates to closing prices)
Aug 4 (Reuters) - London's FTSE 100 rose on Tuesday, as
gains in metal miners helped offset a slide in energy shares,
while the mid-cap index climbed to a record high for the first
time in nearly five years.
The FTSE 100 index climbed 0.2% to 10,879.38 points,
while the mid-cap FTSE 250 index gained 0.97% to
24,459.30.
* Industrial metal miners such as Antofagasta ( ANFGF ) and
Anglo American advanced 6.85% and 5.45%, respectively,
as copper prices touched two-month highs, supported by falling
inventories.
* London-listed shares of Fresnillo jumped 5.2% after the
precious metals miner reported higher revenue in the first half
of the year.
* Energy index fell the most, down 3.19% as
Brent crude fell 5.34% to $79.30 a barrel on hopes of a
U.S.-Iran deal that could reopen the Strait of Hormuz.
* BP fell 4.91% and Shell lost 2.47%. BP
reported second-quarter profit that more than doubled to $5.73
billion and beat analysts' forecasts, but its shares came under
pressure as oil prices slumped.
* HSBC ( HSBC ) dipped 0.8%, having hit a record high
earlier in the session, after the bank raised its net interest
income target for this year.
* The FTSE 100 is rebounding after three sessions of
declines, and held below a record high hit last week.
* Broader sentiment was supported by upbeat U.S. earnings.
The S&P 500 and the Dow hit record highs after strong forecasts
from Caterpillar and Palantir reassured investors about
AI-driven demand.
* Among other movers, Travis Perkins jumped 18.4%
after the building materials supplier reported higher first-half
profit, helped by price increases and cost-cutting measures. It
was the top gainer in the FTSE 250 index.
* Segro ( SEGXF ) gained 0.8% after the British warehouse
landlord accepted a takeover bid by rival U.S. logistics firm
Prologis ( PLD ) in a deal worth up to £14.3 billion ($19.19
billion).
* Smith+Nephew was the top FTSE 100 loser, down 6.3%
after the medical products maker lowered its revenue growth
forecast.
(Reporting by Sruthi Shankar and Medha Singh in Bengaluru ;
Editing by Sonia Cheema and Joyjeet Das)