IDS is the British postal group behind Royal Mail, now owned by EP Group. It’s in the news for a May 2027 delivery-target push, a high CEO pay package, and ongoing restructuring.
Royal Mail reports improvements in first-class and second-class delivery within targets, with 85% of next-day first-class mail and 91% of second-class mail meeting timelines in Q1. The firm, owned by IDS and led by COO Jamie Stephenson, says progress under a £500m five-year turnaround plan is encouraging, though more work remains as Ofcom investigates past performance and enforces new backstop rules.
IDS has disclosed a sharp rise in chief executive Martin Seidenberg’s pay for the year to 31 March, tied to a £3.6bn takeover by Daniel Kretinsky’s EP Group. While executive remuneration surged, IDS reported falling group profits and weaker performance at its GLS parcel arm amid regulatory and market pressures. The group is pushing universal service changes in the UK as Ofcom investigates delivery targets.