Pre-tax profit at listed Scottish housebuilder Springfield fell by 5% in the first half of its financial year despite soaring turnover as it weathered rising construction costs and reducing buyer confidence.

The housebuilder, which recorded turnover growth of 85% in the six months to November 30 on the back of major acquisitions in 2021, said its pre-tax profit had nevertheless slipped to £5.9m, from £6.2m the previous year.

…