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

Offshore Uruguay seismic campaign advances partner positioning in frontier basin

Seismic operations offshore Uruguay establish near-term technical milestones while limiting capital exposure for minority partners.

Great Western Mining steps up Nevada tungsten drilling ahead of maiden resource

Great Western Mining has scheduled June drilling at its Nevada tungsten project as it works to define a maiden resource and strengthen its strategic position in critical minerals.

KEFI advances Tulu Kapi project as financing and contracts near completion

KEFI says development of the Tulu Kapi Gold Project is advancing with key contractors active and project agreements largely executed. Commitments of US$310 million have been secured toward the US$330 million budget, with first gold targeted for early 2028.

Strix strengthens balance sheet and signals improving trading in latest update

Strix expects FY26 revenue of around £150m and adjusted profit before tax of £9.8m–£10.2m, supported by improving trading in the Controls division and growth in Consumer Goods.

TEAM plc to Acquire WH Ireland in £12.7m All-Share Deal

TEAM plc has proposed a recommended takeover of WH Ireland Group plc through a scheme of arrangement. Under the terms, WH Ireland shareholders will receive new TEAM shares, creating a combined wealth and asset management group headquartered in Jersey.

FTSE 100 Drops in Afternoon Trading as Energy Price Spike and Risk-Off Sentiment Weigh on Markets

FTSE 100 falls in Friday afternoon trading as rising oil prices and geopolitical tensions drag banks and travel stocks lower.

    Search