HSBC jumps on 3 bln buyback
Pearson rises on Q3 sales growth
FTSE 100 up 0.2, FTSE 250 off 0.3

Oct 28 Reuters The UK39;s benchmark FTSE 100 stock index rose on Tuesday, led by heavyweight financials, after HSBC thirdquarter profit beat estimates and it launched a 3 billion buyback plan, while losses in industrial metal miners capped further gains.

The bluechip FTSE 100 rose 0.2, as of 0830 GMT, while the midcap FTSE 250 index fell 0.3.

HSBC Holdings jumped 3.4 after the lender turned in a betterthanexpected thirdquarter profit on rising wealth and wholesale banking revenue.

It lifted the banking sector, up 2.2, in early trade, with peers Standard Chartered and Prudential also climbing 1.7 and 0.6, respectively.

Industrial metal miners, however, fell 0.6 after base metals traded in a tight range as markets awaited a key meeting next week in China for more details stimulus measures and the outcome of the U.S. presidential election.

The oil and gas sector fell 0.2, dragged by a 1 drop in BP, after the energy giant reported a 30 drop in thirdquarter profit to 2.3 billion, the lowest in almost four years.

Among other movers, Pearson was up nearly 2, after the British education company reported a 5 growth in underlying sales in its third quarter, boosted by stronger performance in assessment and qualifications.

Meanwhile, prices in British shops fell at the fastest pace in more than three years this month but this week39;s budget announcement by Finance Minister…