City Diary: Ryanair battles further turbulence from £50,000 compensation charge Wonga film proves a weepie By the end of the Q&A after the press preview of Wonga: the Movie, launched on the eve of the payday loans company's select committee grilling yesterday, the film's director, Gary Tarn, looked as though he was about to cry. It was understandable. Tarn, who set out to find the "poetic truth" about the controversial lender but was instead accused of making "artful propaganda," faced a barrage of questions from hard-nosed hacks who were far more interested in Wonga's arrears rate of 7pc than in the rose-tinted personal lives of 12 of the company's one million customers. "What does your industry think about rate-capping," one mole asked Wonga's smooth-talking COO Niall Wass, echoing the concerns from the Financial Conduct Authority and the Competition Commission, who are looking into limiting short-term lenders" interest charges. "I think we should stick to talking about the film," blocked Wass, before adding, when pressed: "I don't want to have a long debate about that one, but we have decided it doesn't make a lot of sense." It restricts consumer choice. Chris Wright, the media mogul who founded Chrysalis Group, spoke too soon when he told Diary that the mobile start-up Music Cubed, in which he holds a six-figure stake, is his "most promising" investment. Wright, who also dabbles in breeding racehorses in Gloucestershire, has found form with Chriselliam, the horse he co-owns with the ex-jockey Willie Carson and Emily Asprey (hence the name). Diary hears the trio's biggest headache is how to spend their joint $1m (£623,000) equine dividend, after Chriselliam won a major race at the Breeders" Cup meeting in California at the weekend. Devil's in the detail for Co-op Outraged savers have called Co-op's takeover by "privateering" hedge funds the end of the age of innocence at the mutual that built its reputation on ethical banking. It seems the Co-op board has been thinking along similar temptation in the Garden of Eden lines. One of the chosen file-names for the troubled lender's new prospectus, as sent out far and wide yesterday, is "Bramley," after the apple. So who does that make the devil? You know the economy's back on track when Alex Masterley, the bonus-obsessed employee of Megabank, prints his latest compilation in full colour for the first time. In the new 2013 annual of the Telegraph's Alex cartoons (below), launched last night over drinks at the London Stock Exchange, Alex looks back on a year in which the City was gripped by all things royal, from Prince George to the Royal Mail float. Of course, Alex had a royal moment himself. As he continues to brag to his colleague Clive, his own 2013 highlight was networking with tech king Bill Gates at the queue for the airport security scanners on the way back from Davos.