Toshiba warns over its survival as it forecasts £7bn losses

Crisis creates concern about future of UK's Moorside nuclear plant, in which subsidiary Westinghouse is a key player

Toshiba, one of the biggest names in consumer electronics, has warned it is facing annual losses of more than 7bn and the future of the company is in doubt as a result of financial turmoil at its nuclear power plant construction business.

The Japanese company finally released third quarter results, after twice delaying publication while auditors attempted to quantify the scale of the problems at Toshiba's US nuclear engineering subsidiary Westinghouse, which filed for bankruptcy last month.