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<b>Wednesday 17 September:</b> Panacea up in flames, Victoria Baths on the up and AIG give up

Published on September 17th 2008.

A FIRE has broken out at Panacea on Wilmslow Road, Alderley Edge. The new bar, formerly Brasingamens, has been open only a matter of days. It is unknown as to how the fire began. Traffic is said to be affected in the area as crews deal with blaze which broke out at around 6am this morning. Click here for the full Confidential story.

VICTORIA BATHS is on the way to being restored. The Grade II listed building on Hathersage Road is having millions of pounds spent on painstaking restoration. Councillor Mike Amesbury told the BBC: “This is a terrific step forward for this well-loved building. Victoria Baths is a remarkable example of Edwardian municipal architecture with lavish tiling, mosaic floors and many stained glass windows.”

MANCHESTER AIRPORT OWNERS are reportedly putting in a bid to buy Gatwick Airport. Gatwick is the UK's second largest airport and has been put up for sale by BAA. The Competition Commission said BAA may have to sell three of its UK airports because of market dominance concerns. Gatwick has been valued at £1.8bn.

THE FEDERAL RESERVE BANK OF NEW YORK is providing a two-year, $85bn loan to Manchester United shirt sponsors, AIG. In return, the bank will get 80% public stake in the firm. Manchester United's four-year deal with AIG is the biggest shirt sponsorship deal in English football. Although they are refusing to comment at this stage, it is widely believed that United may have to consider finding another sponsor.

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HowardSeptember 17th 2008.

Regaring AIG and ManU, does this mean that the US government is now effectively the shirt sponsor?

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