is just a non breaking space that means the words on either side and the space will always be displayed together. Sometimes it can cause an extra space but not mostly.
In code view you do a search and replace for and replace it with a space from the spacebar generally without harm. In fact I nearly always do so to eliminate unexpected ends of lines.
Try it and see what you have left.
You may have to do a little detective work. Find a paragraph where you have the problem and look at the styles which applied to it in the stylesheet. You may have it surrounded in <div>s which cover more than one paragraph, so look up and down and see if you can find a <div> which starts above and doesn't end until below it.
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