PRE-TAX losses at Dublin-based investment group, Prime Active Capital (PAC) more than halved last year, to €1.4m; down from a loss of €3.9m in 2009.

INVESTMENT group, Prime Active Capital (PAC), which grew out of last year’s overhaul of Dublin-based printing firm Oakhill, has sold part of that original business for nearly €14 million.

Former Sun editor Kelvin MacKenzie was back at the helm of a UK media firm today – just a month after failing to rescue magazine publisher Highbury House from collapse.