Broker tips: ASOS, On the Beach

The bank noted that Asos upgraded its adjusted EBITDA guidance for FY 2026 to above the midpoint of the £150m to £180m guided range. It said the midpoint of £165m is 3.8% above company-compiled consensus of £159m.Berenberg also said that August 2026 net debt guidance of £110m points to 2.0x lease-a…