BUZZ-Melrose Industries: negative currency impact

** British investment firm Melrose Industries (Other OTC: MLSPF - news) down 5.3 pct & poised for biggest 1-day drop in a yr

** Says 2015 results will be affected by currency translations

** Recent weakness in the euro (euro zone accounted for 40 pct of profit in 2014), and a weakened Rouble point to a 5 pct headwind from currency in 2015, co says

** However, co says adjusting for the adverse currency movements which are outside its control, 2015 results will be in line with its expectations

** Says profit from its Brush unit, which manufactures electricity generating equipment, to decline significantly in 2015

** Sees strength in US, but weakness in most of Continental and Central Europe unlikely to improve in the near future

** UBS "neutral" on Melrose (Stuttgart: 2NM3.SG - news) , with co trading at a c20% EV/EBITA premium to sector. Says profit momentum remains mixed & will likely limit momentum, at least until another acquisition is found (this will remain a 2015 focus) (RM (LSE: RM.L - news) : noor.hussain.thomsonreuters.com@reuters.net)