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* FTSE 100 rises 0.3%, FTSE 250 climbs 0.1%

* BP up 1% after Q2 profit more than doubles to $5.73

billion

* Metal miners rally as copper prices touch two-month highs

Aug 4 (Reuters) - London's FTSE 100 rose on Tuesday, buoyed

by strong results from blue-chip company BP and a surge in metal

miners as commodity prices climbed.

The FTSE 100 index was up 0.3% at 10,886.98 points

by 0905 GMT, while the midcap FTSE 250 inched up 0.1% to

24,244.35 points.

* Shares of BP rose 1% after the oil major reported

second-quarter profit that more than doubled to $5.73 billion

and beat analysts' forecasts, thanks to higher energy prices,

trading and refining margins.

* HSBC ( HSBC ) dipped 1.1%, having hit a record high

earlier in the session, after the bank raised its net interest

income target for this year.

* Industrial metal miners such as Glencore ( GLCNF ) and Rio

Tinto added 4.1% and 2.7%, respectively, as copper

prices touched two-month highs, supported by falling

inventories.

* The broader pan-European STOXX 600 index touched

record highs and U.S. futures rose as an upbeat earnings season

and renewed buying in big U.S. technology stocks offset

uncertainty around the Middle East conflict.

* The FTSE 100 is rebounding after three sessions of

declines, and held below a record high hit last week. The FTSE

250 was trading at a near six-year high.

* Oil prices rose on Tuesday as a diplomatic resolution to

the U.S.-Iran conflict remained uncertain, with Iran's Foreign

Ministry spokesman Esmail Baghaei saying no negotiations with

the U.S. were taking place.

* Among other movers, Travis Perkins jumped 18%

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 dipped 6.9% after the medical products

maker lowered its revenue growth forecast, hurt by continued

weakness in its U.S. orthopaedics unit.