Panama Papers take bite out of Intertrust – Financieele Dagblad

It was undeniably the week of the Panama Papers. By revelations include the Financieele Dagblad and Trouw learned the average reader to know a world that was previously known only by tax attorneys, lawyers and the rich

Through complex structures, power is hidden from the eyes of the tax authorities, as shown by documents leaked from a legal service from Panama. Politicians like Porosjenko stand in the documents, but also the names of Messi and Seedorf.

Personal effects were hitherto the Icelandic Prime Minister David Gunnlaugsson and Supervisory Board of ABN Amro Bert Meerstadt. Both resigned after it became known that their names were linked to companies in the British Virgin Islands. Incidentally let Meerstadt know no idea how to have his name could emerge, but because he wanted to prevent the bank’s injury would encounter news about his person, he nevertheless resigned

Mark for integrity

meant for the ABN Amro Panama Papers nothing. The fund was virtually unchanged from the week. Also on most other investments had little impact the revelations, the documents still focus mainly on individuals and less about companies.

Anders was for administrative services Intertrust. The trust company also appeared in the documents and was linked to questionable payments around directors of football FIFA. The company has already taken some time ago goodbye to those customers, but investors did however share in sales.

An interesting detail is which Intertrust Monday, when the Panamabal went roles, also was awarded a new label. A label that according to industry association Holland Quaestor ‘confirmation’ of ‘high standards for quality and integrity. “

There seemed investors they have no message. The Panama papers could well provide additional lines in the industry that the business model is impaired. Intertrust was the most dramatically among Midcap funds with a loss of 6.8%.

Nasty week Altice

Furthermore, the week started horribly for Altice. Monday the cable company has lost as much as 12% when it appeared that did not go through the mega-deal between its French rivals Orange and Bouygues. Investors had hoped that finally would end with a combination of the price war raging in the French market. That would be the margins shall be well.

With the collapse of the deal which disappeared desire image. The share recovered the rest of the week and ended barely 9% in the minus. DSM (+ 3.8%) was the biggest climber in the last week without there was an apparent reason. Shell was a gain of 3.4% the second, thanks to the oil price rose above Friday sharply.

quarterly rating Season

the AEX itself climbed 1.3% Friday and lost throughout the week saw only 0.1 %. But it was the third week in a row that the main index closed lower. The results were not great this week, investors seem to look forward to the quarterly earnings season which kicks off next week.

Monday bites US aluminum group Alcoa traditionally the ball rolling, Thursday Unilever is the first AEX fund that tells how the first three months have expired this year.

The expectations of analysts, according to Corné van Zeijl of Actiam not high. That would mean that the results can fall agree and those going to find the way up.