BP falls after warning of Q4 profit hit
JD Sports Fashion drops after profit warning
Persimmon sees 2024 profit at top end of market view, shares up
FTSE 100 up 0.2, FTSE 250 adds 0.7

Jan 14 Reuters London stocks were broadly higher on Tuesday, in line with their European peers following a report that U.S. Presidentelect Donald Trump might opt to impose gradual tariff hikes, though the FTSE 100 underperformed as some downbeat earnings weighed.

The bluechip FTSE 100 was up 0.2 by 1045 GMT, while the more domesticallyfocussed FTSE 250 midcap index added 0.7.

Homebuilders advanced 3 with Persimmon up 5.8 after the company forecast its 2024 earnings at around the upper end of market view, buoyed by improved sales and pricing strength.

Industrial metal miners rose 1.2 as prices of copper and iron ore rose, while aerospace and defence gained 1.6 following a more than 1.5 drop in the previous session.

Broader European equities rose, with analysts attributing Tuesday39;s advance to a Bloomberg report that said members of Trump39;s incoming economic team are discussing slowly ramping up tariffs month by month.

Also aiding equities, yields on British government bonds eased a touch on Tuesday, though they still hovered near multiyear highs.

Keeping gains on the FTSE 100 in check, BP dipped 2.8 after the energy major warned that lower production, weak refining margins and sluggish trading would see its profit in the fourth quarter of 2024 fall from the previous three…