(Updates futures, adds news items in bullets 1-3)

Sept 1 - Britain's FTSE 100 index is seen opening higher on Friday, with futures up 0.05%.

* HOUSE PRICES: British house prices in August were 5.3% lower than year earlier, their biggest annual decline since July 2009 as higher interest rates reduced demand from buyers, mortgage lender Nationwide said.

* DIRECT LINE: British insurer Direct Line agreed to

review

all instances where it charged existing home and motor customers more for renewal than it would for new customers, Financial Conduct Authority (FCA) said.

* SUPERDRY: Struggling British fashion retailer Superdry said it does not expect significant revenue

growth

this fiscal year as it prioritises cutting costs and bolstering margins.

* SHELL: Shell's Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said.

* STRIKES: Junior and senior doctors in England plan to take joint strike action for first time, the British Medical Association (BMA) union said.

* NATIONAL GRID: Britain's National Grid will implement its scheme to pay homes to cut electricity use and help prevent power shortages again this winter, it said.

* BAE SYSTEMS: British defence company BAE Systems said it set up a local entity in Ukraine and signed deals with the government to help ramp up Kyiv's supply of weapons and equipment.

* BANKS: More savings accounts are offering higher interest rates as more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said.

* OIL: Oil prices are set to snap a two-week losing streak as they rose for a fourth consecutive session.

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Hani Kollathodi in Bengaluru; Editing by Sonia Cheema)