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Feb 8 (Reuters) - St Ives Plc
* Informed by HarperCollins that its contract with group's books business for production of monochrome books in UK will not be renewed
* Current contract ends on 30 June 2017.
* Management will be initiating actions to reduce cost base of books business and therefore mitigate impact of non-renewal of this contract.
* Market remains competitive and we are not prepared to chase volume at uneconomic prices - CEO Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)