This is indeed possible. Click the Aa button in the tool bar to expose the formatting toolbar. Then you can select text in a text field and use the tools in this formatting tool bar to apply text styles and colors. It's not as sophisticated as MS Word, but basic editing tools are there in this tool bar.
Thanks (again) Phil for your help :-)
If I missed that, the clients are sure to as well :-O !
If only it had bullets and indents it would be 100%
Any possble plugins around to help ?