TextEdit: rich text formatting issues

import QtQuick 2.1

TextEdit {
    id: textEdit

    width: 360
    height: 360

    textFormat: Qt.RichText

    Timer {
        repeat: true
        running: true
        interval: 2000
        triggeredOnStart: true
        onTriggered: {
            textEdit.text += "<font color='midnightblue'>&lt;<b>name</b>&gt; message...</font>"
        }
    }
}