Nokia’s slow and steady comeback has suffered a blow with news that the Finnish mobile-maker will be dropped from the Euro Stoxx 50 Index this month, in a move that could affect its share price. Currently ranked 34th in the 15-year old listing — which is compiled to include 50 of the top stocks from across the Eurozone — the company will be replaced by French aerospace firm EADS on March 18 as part of a regular index review, according to an announcement [PDF] — spotted by Yle.fi. That’s a set back for the firm, which posted an improved quarter of business when it revealed a $584 million (€439 million) operating profit on $10.7 billion in net sales (€8.04 billion) for the fourth quarter of 2012. During the “solid” quarter it sold  4.4 million Lumia devices and 9.3 million Asha units. That performance was significantly up on the previous three-month period, during which Nokia recorded a $754 million (€576 million) operating loss on $9.49 billion in net sales (€7.24 billion). Stocks included in the Euro Stoxx 50 Index are commonly used by mutual funds and other investors. Nokia’s departure from the ranking could lead to some funds cashing in their shares in favor of those that remain on the list, and that could impact Nokia’s share price. If nothing else, however, it is symbollic. Nokia was once the world’s largest and influential mobile phone company; now it isn’t included among Europe’s
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