(For a live blog on European stocks, type LIVE/ in an Eikon news window)
* FTSE 100 up 0.5 pct
* FTSE 250 up 0.6 pct
* Rolls-Royce higher after rating upgrade
* DS Smith rises after rival Smurfit Kappa's results
* Dunelm up after higher earnings
Feb 13 (Reuters) - London's blue-chip stocks gained on Wednesday as positive results and hopes of a possible delay to the UK's exit from the European Union lifted housebuilders and packaging firms DS Smith and Smurfit Kappa were boosted by upbeat earnings.
Housebuilders Persimmon PSN.L , Barratt BDEV.L and Taylor Wimpey TW.L - among most vulnerable to a no-deal Brexit - were among the biggest gainers after midcap Galliford Try GFRD.L reported higher first-half results. led the FTSE 250, hitting its highest since end-November.
A trader also cited growing hopes that Brexit could be delayed if a EU divorce deal agreeable by all parties is not reached by March 29.
The UK's exit from the bloc remains unclear with just over six weeks till the deadline as Prime Minister Theresa May on Tuesday asked lawmakers to give her more time to negotiate a deal acceptable to both Brussels and British parliament.
Elsewhere, Asian stocks touched a more than four-month high on optimism that the United States and China might be able to hammer out a deal to resolve their protracted trade dispute.
Packaging group DS Smith SMDS.L followed close with a 2.9 percent gain as rival Smurfit Kappa SKG.I said the current year had started positively after reporting strong results. London-listed shares of Smurfit Kappa also added 1.6 percent. operator TUI TUIT.L underperformed with a 3.4 percent fall, extending losses from the previous session when it posted a bigger first-quarter loss.
In a similar vein, online trading platform Plus500 PLUSP.L declined 5.1 percent after losing nearly one-third in value on Tuesday when it issued a profit warning.
Supporting the midcaps was Dunelm DNLM.L that rose 3.3 percent after reporting a jump in first-half earnings.
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