Annual budget statement due at 1230 GMT
LSE Group gains; investors sell stock worth 1.9 bln pounds
FTSE 100 up 0.3, FTSE 250 adds 0.6

March 6 Reuters UK shares edged up on Wednesday as investors analysed a fresh batch of corporate earnings, but caution prevailed ahead of the annual budget statement later in the day.

The bluechip FTSE 100 was up 0.3, as of 0923 GMT.

Market participants will remain squarely focused on Finance Minister Jeremy Hunt39;s presentation of the preelection annual budget, due at 1230 GMT, where he is expected to provide tax cuts despite the economy facing its biggest debt burden since the 1960s.

There is positivity that there39;s going to be fiscal steps to aid the suffering in the UK economy, said Daniela Hathorn, a senior market analyst at Capital.com

But at the same time, and this is what the Bank of England has been trying to do, is making sure that enabling consumers to have more purchasing power doesn39;t spike up inflation.

Ratesensitive real estate companies and real estate investment trusts added more than 1.3 each.

ConvaTech jumped 6.7 to the top of FTSE 100 after the medical products and technologies firm raised it midterm outlook for revenue growth, lifting the medical equipment and services index up 2.8 to lead sectoral gains.

London Stock Exchange Group added 3 after a consortium of investors sold about 1.9 billion pounds 2.42 billion worth of shares in the London bourse owner.

Legal General slid 2.8, leading losses on…