2.5 Tiny MCE messing up lists

I’ve been having some difficulties with TinyMce forcing a load of line breaks in list items. As a result it’s messing with my head!

Eg.

In the visual editor I type in:

<ul>
	<li>Incorporation &amp; Registration of new companies</li>
	<li>Bookkeeping and Payroll service.</li>
	<li>Budget Preparation.</li>
	<li>Projections &amp; Cash Flow forecasts.</li>
	<li>Development of Strategic business plans.</li>
	<li>Business and investment appraisal</li>
</ul>

and it renders out as:

<ul>
	<li>Incorporation &amp; Registration of new companies</li>
	<li>Bookkeeping and Payroll service.</li>
	<li>Budget Preparation.</li>

	<li>Projections &amp; Cash Flow forecasts.</li>
	<li>Development of Strategic business plans.</li>
	<li>Business and investment appraisal</li>
</ul>

What I have to do is change my code in the visual editor to be:

<ul><li>Incorporation &amp; Registration of new companies</li><li>Bookkeeping and Payroll service.</li><li>Budget Preparation.</li><li>Projections &amp; Cash Flow forecasts.</li><li>Development of Strategic business plans.</li><li>Business and investment appraisal</li></ul>

This isn’t a very clean way of looking at things and seems to be slightly strange behaviour in my opinion.