British postal and courier group behind Royal Mail, rebranded IDS in 2013
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.