If baked in greased coffee cans or specially made panettone molds and attractively enveloped, these cakes make wonderful gifts.
Combine in a medium bowl:
Cover this sponge and let rise in a warm place (75° to 85°F) for about 30 minutes or until very bubbly.
Meanwhile, beat in a large bowl or a stand mixer fitted with the paddle attachment until light and creamy:
Beat in one at a time:
Add:
Beat in the sponge. If using a stand mixer, switch to the dough hook. Gradually beat in:
Beat or mix the dough for 5 minutes more. Add:
Cover the bowl with a clean cloth and let the dough rise until almost doubled in bulk, about 2 hours.
Divide the dough in half. Place in 2 greased 9-inch tube pans, 6-cup coffee cans, or panettone molds and let rise until puffy, 30 minutes to 1 hour.
While the cakes rise, preheat the oven to 350°F.
Lightly brush the tops of the cakes with:
If desired, sprinkle the tops with:
Bake until golden, about 30 minutes. Immediately turn the cakes out of the pans and let cool completely (cakes baked in panettone molds do not need to be removed). If you didn’t use the almonds and sugar, spread on, if desired: