Place 4 cups flour in a large bowl. Stir in 1/2 cup sugar, yeast, salt, cinnamon and nutmeg.
In a small saucepan, combine 3/4 cup water, milk and butter; heat over low heat until butter melts and temperature reaches 120º to 130ºF. Add milk mixture to flour mixture; beat with electric mixer at medium speed 2 minutes or until well blended. Beat in egg. Gradually add additional flour until slightly sticky dough forms.
Attach dough hook to mixer; knead at low speed 4 minutes or 8 minutes by hand on a floured surface. Transfer dough to large greased bowl; turn to grease top. Cover and let rise in warm place 45 minute to 1 hour or until doubled.
Spray two 8"x4" loaf pans with nonstick cooking spray. Punch down dough; transfer to floured surface. Knead in raisins and dried fruit. Divide dough into two balls; cover and let rest 5 minutes. To shape loaves, flatten and stretch each ball of dough into an oval shape. Bring long sides together and pinch to seal; fold over short ends and pinch to seal. Place in prepared pans seam side down. Cover and let rise in warm place 45 minutes or until dough almost reaches tops of pans.
Preheat oven to 375ºF. Bake 35 to 40 minutes or until browned (cover loosely with foil if loaves begin to overbrown). Dissolve remaining 1 teaspoon sugar in 1 Tablespoon water in a small bowl. Brush over loaves; bake 2 additional minutes. Cool in pan for 2 minutes; remove to wire rack to cool slightly. Serve warm.
Note: This fruity loaf is traditionally served on Halloween. Charms are bake into the bread to predict the future. If your piece of barm brack contains a ring, you will get married within the year; if you find a coin, you'll be rich.