Housebuilder Redrow has returned to a modest profit, posting a £700,000 pre-tax profit for 2010, after last year’s loss of £44.2 million. Redrow’s chairman Steve Morgan said that the result, covering the financial year ending 30 June 2010, was owed to a “great new product” and a number of management changes. Redrow’s New Heritage collection “is proving to be extremely …