<div>UPDATE 1-Britain's Kier swings to losses as costs to fix balance sheet mount</div> <!-- no image --> <div>British contractor Kier Group Plc posted an annual loss on Thursday as a radical overhaul of the business to lower debt pushed costs higher.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=KNIY1waamFs:a5gGCnAxjI4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=KNIY1waamFs:a5gGCnAxjI4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=KNIY1waamFs:a5gGCnAxjI4:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=KNIY1waamFs:a5gGCnAxjI4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=KNIY1waamFs:a5gGCnAxjI4:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/KNIY1waamFs" height="1" width="1" alt=""></div> Posted by Reuters