Stocks to watch on the Australian stock exchange at the close on Friday:

CMJ - CONSOLIDATED MEDIA HOLDINGS LTD - down six cents, or 1.8 per cent, at $3.24

Consolidated Media Holdings says it is not considering a sale of its 25 per cent stake in pay TV operator Foxtel, but has been in discussions which may result in a change of control at the company.

CRF - CENTRO RETAIL AUSTRALIA - down 0.5 cents, or 0.13 per cent, at $1.86

Shopping centre owner Centro Retail Australia expects lower interest rates to improve sales in its centres.

QAN - QANTAS AIRWAYS LTD - down two cents, or 1.2 per cent, at $1.605

Qantas will cut spending by a further $400 million next financial year by delaying delivery of new A380 aircraft.

LLC - LEND LEASE GROUP - down two cents, or 0.3 per cent, at $7.59

Lend Lease has won a $210 million contract to carry out earthworks for the BHP Mitsubishi Alliance in Queensland.


Westpac has cut its standard variable home loan rate by 37 basis points to 7.09 per cent.