Military veterans told they owe thousands of pounds over clerical error

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Image source, BBC News Image caption, Royal Artillery veteran Ray Lawton has been ordered to repay 8,000 By Colletta Smith , BBC Your Voice correspondent and Bobbi Huyton , BBC Your Voice journalist Published 4 hours ago Hundreds of former members of the military have had their pensions slashed after receiving letters telling them to repay thousands of pounds because of a clerical error. The Ministry of Defence (MoD) confirmed to the BBC that more than 1000 retired service personnel are being pursued for debts. The majority, 335 veterans, were overpaid a total of 5.1m as a result of incorrect National Insurance calculations. The Forces Pension Society said it is aware of a small number of veterans whose debts were wiped after raising a formal complaint. Ray Lawton, 70, was told in July he owed 8,000 following six years of overpayments. Days later, his monthly military pension was cut from 550 to 365. "I haven't got 8,000 to pay out," said Lawton, who served 16 years in t...

Stocks making the biggest moves after hours: Gap, Workday, Autodesk and more

Stocks making the biggest moves after hours: GAP, WDAY, ADSK and more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines in extended trading. Gap Shares of the clothing retailer jumped about 14% after Gap announced Michael Francis will take the helm at Old Navy, starting Nov. 2. He succeeds Haio Barbeito, who has been the CEO since 2022. Adjusted earnings for Gap in the second quarter topped estimates, coming in at 52 cents per share versus the LSEG consensus estimate of 48 cents. Marvell Technology The semiconductor stock was down 6%. Marvell called for current quarter adjusted earnings of $1.10 per share, plus or minus 5 cents, while analysts polled by LSEG anticipated $1.07 per share. The company also sees non-GAAP gross margin for the period in a range of 57.5% to 58.5%, versus the StreetAccount consensus call for 58.5%. Workday The enterprise software stock added almost 1%. Workday surpassed the estimates of analysts surveyed by LSEG for both top and bottom lines in the second quarter. Rubrik The digital security stock tumbled 7%. Rubrik's non-GAAP gross margin for the second quarter came in at 81%, versus the 81.7% StreetAccount consensus estimate. The company beat on the top and bottom lines, however. Rubrik said it saw 20 cents in earnings per share, excluding items, and on $427 million in revenue for the quarter, while analysts penciled in 4 cents a share and $396 million, per LSEG. Autodesk The maker of 3D design software slid 5% after its earnings projections disappointed Wall Street. Autodesk sees adjusted earnings ranging from $3.04 to $3.09 per share in the third quarter, while analysts polled by LSEG were looking for $3.14 per share. Full-year adjusted earnings guidance was $12.52 to $12.60 per share, compared to the $12.60 anticipated. Elastic N.V. The data analytics company saw shares surge 20% after full-year guidance topped analysts' expectations. The company sees adjusted earnings in a range of $3.29 to $3.37 per share, on revenue of $1.998 billion to $2.010 billion. Analysts polled by LSEG were looking for $3.24 per share and $1.99 billion. First-quarter adjusted earnings, revenue and operating income also surpassed estimates. SentinelOne The cybersecurity stock shed almost 4% after the company issued a weak outlook for current-quarter and full-year earnings per share. That overshadowed a stronger-than-expected report on both lines for the second quarter. CNBC's Darla Mercado contributed reporting

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