Goodman Fielder shares plunged nearly 20 per cent after the breads and spreads maker lowered its profit expectations for the year.

ANZ on track for full year earnings growth of 17 per cent to $5.6 billion despite the impact of volatile financial markets.

Stockland plans to buy back up to five per cent of its stock, equivalent to 119.15 million securities.

Stocks of interest on the Australian Securities Exchange on Friday

New worries about a second recession in the US and Europe, prompted by an investment bank report, sent US stocks into a new sharp fall.

Fortescue has nearly doubled its full year net profit, but notes a dip in iron ore demand from China as the Asian nation tightens credit.