REPORT: UK Housebuilding Sector 2Q 2018; and beyond (the World Cup)

Hardman & Co

Video Assistant Referee (VAR):

Hardman & Co Report Report DownloadsThis VAR was conceived in 2010 by the Royal Netherlands Football Association (KNVB) but it was seven years later, in April 2017, that it had its professional club competition debut in the A-League in Australia in a match between Melbourne and Adelaide.

About the same time, at the beginning of the 2017-18 season, it was introduced to top-flight European football by the Bundesliga and Serie A; and, in the UK, in a third-round FA Cup game in January 2018 (between Brighton and Crystal Palace).

In March of this year, the International Football Association Board (IFAB) wrote VAR into the Laws of the Game; albeit its use remains optional for competitions (for example, it is not likely to be used in the English Premier League next season). Thereafter, FIFA officially approved the use of VAR for the 2018 FIFA World Cup in March and the first World Cup penalty awarded – after consultation with a VAR –occurred in France’s 2-1 win against Australia on 16 June.

But it has not had an easy birth and it is accused of “creating as much confusion as clarity” and of interrupting the flow of ‘the beautiful game’. It was the same in rugby union, when the Television Match Official, or TMO, was introduced. Pandemonium at first and now we can’t live without it.

Isn’t it better to have (as near as damn it) confirmation rather than doubt and debate? And FIFA says VAR scores 99.3% accuracy against 95.0% for a human.

It is the same in the UK Housebuilding Sector, where share prices have clearly been adjudicated by a more empyreal VAR…

Share on:

Latest Company News

Scotch Corner Designer Village IPO to raise £25.5 million

Scotch Corner Designer Village is progressing to an Aquis listing, seeking £25.5m of new equity to advance construction. The 50-acre outlet and leisure scheme is backed by secured senior debt, is substantially pre-let, and is expected to complete in 2027.

Vistry Group announces retirement of Greg Fitzgerald and CEO succession plan

Vistry Group PLC has announced that Executive Chair and CEO Greg Fitzgerald will retire, stepping down as Chair at the May 2026 AGM and remaining CEO for up to 12 months while a successor is appointed.

Drax Group Delivers Results Ahead of Expectations, Says Longspur Research

Drax Group delivers results ahead of expectations as Longspur Research highlights record generation, stronger balance sheet and growing flexible energy opportunities.

Galliford Try delivers strong first half with margin growth and £4.1bn order book

For H1 2026, Galliford Try increased adjusted operating margin to 3.2% and grew adjusted PBT by 20.5% to £24.7m. With 98% of FY26 revenue secured and a £4.1bn order book, the Group expects full-year results to come in above current market expectations.

Weir Group reports 2025 results with profit up 15% and margin at 20.2%

Weir Group delivered 6% constant currency revenue growth and a 15% increase in adjusted operating profit to £518m in 2025, with margins rising to 20.2%.

Barratt Redrow appoints Dean Banks as next Group Chief Executive

Barratt Redrow plc has appointed Dean Banks as its next Group Chief Executive. He will join in late 2026, succeeding David Thomas, who will retire after 11 years in the role.

    Search

    Search