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

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…

There does not appear to be a profile here yet (if this your your plc please get in touch)
Facebook
Twitter
LinkedIn
Hardman & Co

More articles like this

Accrol Group

UK Manufacturing industry shows growth and recovery in March

The UK’s manufacturing industry has returned to growth and is showing “tentative signs of recovery”, according to a closely-watched survey. Both output and new orders increased in March, while business optimism also hit an 11-month high,

Tern plc

Factors driving growth of the Internet of Things

What are the factors that are driving the growth of the Internet of Things? Some are consumer-driven pull factors. Others are industry driven push-factors as businesses develop new solutions that leverage IoT capabilities. Legislation and other technological

Dekel Agri-Vision PLC

Palm Oil futures end losing streak amid rise in oil prices

Malaysian palm oil futures snapped a five-day losing streakon Friday amid a jump in oil prices. The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange was up 40 ringgit, or 1%, to 4,024

Time Finance plc

The true cost of stress in small businesses

Late nights in the office or working overtime at the weekend isn’t unfamiliar territory for many business owners. In the early years of trading many SME entrepreneurs find their work-life balance a little skewed as they